Deals
Lord Corp. Has Adviser on Possible $3 Billion Sale
- Adhesives and industrial company is expected to run auction
- Lord markets products under brands including Aeroglaze, Fusor
Photographer: Mark Elias/Bloomberg
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Lord Corp. is exploring a sale that could value the closely held adhesives and coatings manufacturer at as much $3 billion, people with knowledge of the matter said.
The company is working with an adviser to run an auction process, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The company, which said it reached $1 billion in sales in 2018, is likely to attract interest from peers in Europe and the U.S., the people said.