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H.B. Fuller’s Greenguard adhesives aim to take work out of wood

BY HBSDealer Staff

H.B. Fuller Company is highlighting its Greenguard certified adhesives, sold under the Swifttak brand name, for their facility in common woodworking applications.

The water-based, low-VOC adhesives can be used to laminate decorative overlays or composite panels for furniture, cabinets, retail displays and more in a LEED-friendly manner.

"As one example of the excellent bond performance our adhesives offer, Swifttak products are enabling the advancement of sustainable, high-performance decorative overlay films by successfully bonding the film technology in high-speed lamination processes," said Doug Lange, H.B. Fuller business development manager.

The adhesives can be used with existing lamination equipment and are compliant with LEED guidelines for low emission standards.

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Diamabrush rolls out Hand Tools collection

BY HBSDealer Staff

Diamabrush is aiming to make its floor preparation and coating removal products more accessible via the launch of its new collection of Diamabrush Hand Tools.

"There has been no effective solution for removing coatings such as mastic, glue and other adhesives in the flooring industry, with most people using harsh chemicals to break down the coating and then hand scraping," said president Mike Sancimino. "The Diamabrush Hand Tools not only eliminate the use of any chemicals, but allow users to complete these jobs faster than ever."

The tools, available in 4.5" and 7" sizes, are equipped to remove coatings up to 80% faster than other abrasive products, according to the company. This is thanks to the wearable substrate design, which prevents clogging, and the emergence of new diamond particles with continued use, which makes for consistent cutting.

Compatible with most standard angle grinders, the tools aim to easily strip away mastics, glues, adhesives, thin-set mortar, epoxies, and other flexible, stubborn coatings. Additionally, Diamabrush Hand Tools feature cost-cutting replaceable blades.

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Caterpillar’s $1 billion accelerated stock repurchase: round two

BY HBSDealer Staff

For the second time this year, Caterpillar Inc. is initiating a $1 billion accelerated stock repurchase program, this time with Societe Generale.

The construction equipment giant is set to repurchase $1 billion of its common stock, with an immediate delivery of about 11 million shares based on current market prices.

"The continued strength of our balance sheet and strong cash flow puts us in a good position to reaffirm our commitment to stockholders, even in the midst of a downturn," said Caterpillar chairman and CEO Doug Oberhelman. "Repurchasing an additional $1 billion of Caterpillar stock in the third quarter of 2013 will bring our total 2013 stock repurchases to $2 billion. This, combined with the 15-percent increase in our quarterly dividend announced in June, clearly shows how we are taking advantage of our strong cash position to deliver on our commitments to our stockholders."

The term of the transaction, due for completion in September, will largely determine the actual number of repurchased shares, as well as aggregate cost. Final figures will be based on Caterpillar’s volume-weighted average stock price during the term.

Caterpillar’s previous $1 billion repurchase program, announced in April, was completed this past June.

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