The company also sells the Protecto line of paint in Central America.
H.B. Fuller entered the venture, known as EFTEC, with EMS Chemie a decade ago. The business makes bonding, coating and sealing products for automakers.
EFTEC’s U.S. operations generated $74.5 million in revenue but recorded a loss of $3.4 million over the last 12 months. H.B. Fuller’s minority interest in income was $400,000 during that period, the company said.
The European and Asian parts of the venture earned $6.2 million from equity investments.
The transaction is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approval.