According to a report by Bloomberg, Lord Corporation, the manufacturer of Fusor-brand adhesives and sealants used in the collision repair industry, is exploring a sale that the publication reported could value the company at as much $3 billion.
In January, the Cary, N.C.-based company announced it had achieved $1 billion in annual sales for the first time in 2018.
According to the unnamed sources in the report, the company is working with an adviser to run an auction process that is likely to attract interest from peers in Europe and the U.S.
Lord has been active in the collision
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.