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Markets & companies

Forbo abandons sale of business unit construction adhesives

Thursday, 26 July 2012

Forbo integrates its construction adhesives business into its flooring systems business unit.

After having sold its industrial adhesives and synthetic polymers activities to H.B. Fuller, Swiss company Forbo has abandoned a sale of the remnants of its adhesives business. The construction adhesives activities will be integrated into the flooring systems business unit.

The company’s construction adhesives unit has 270 employees and its main markets are the Benelux region, Germany, Russia, and Eastern Europe. Production facilities are located in the Netherlands, Germany, and Russia.

Last year the business unit construction adhesives generated sales of CHF 104 million (CHF 1 = EUR 0.83) and analysts expect a turnover of CHF 81.5 million.

Forbo plans to keep construction-adhesives within the group over the long term. Source: Chrionny – Fotolia.com

Forbo plans to keep construction-adhesives within the group over the long term. Source: Chrionny – Fotolia.com

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