Forbo is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions.
Three linoleum manufacturers – German, Swedish and Swiss – form the Continentale Linoleum Union.
Diversification into related products such as carpets and vinyl flooring.
Adhesives activities hived off from linoleum business to be developed independently. Continentale Linoleum Union is renamed Forbo to reflect the wider portfolio of activities.
Forbo evolves into a worldwide group operating on five continents: acquisition of a flooring business in Great Britain; diversification into wall-coverings and high-pressure laminates.
Acquisition of Siegling, specializing in process and conveyor belt systems.
Divestment of wall-coverings and laminates activities.
New strategy focusing on four divisions: Linoleum, Vinyl, Belting and Adhesives. Divestment of industrial activities, including extruded profiles, decorative products and coated textiles.
Carpet business spun off in management buyout. A series of minor acquisitions to strengthen Adhesives business.
Adhesives gains world stature by acquiring Swift, operating worldwide from the USA, Europe and Asia. Belting business expands in Great Britain. Linoleum and Vinyl merged to create Forbo Flooring. Now three strategic businesses: Flooring, Adhesives and Belting.
Strategic focus on three core divisions reaffirmed. Restructuring and measures to raise profitability.
Acquisition of Chinese adhesives manufacturer specialized in hot-melt and water-based adhesives.
New branding and growth strategy; three core divisions – flooring, adhesives and belting – renamed Flooring Systems, Bonding Systems and Movement Systems, operating under the Forbo brand with an integrated business strategy.
Forbo acquires the lightweight PVC conveyor belting business from Fenner Dunlop (Charlotte) Inc. North America as a further step to strengthen its Movement Systems division.
Acquisition of Bonar Floors, a major European flooring manufacturer in the contract flooring sector. With this, Flooring Systems strengthens its leading position as a systems provider of resilient flooring solutions in the commercial market.
Focus on leading market positions through the sale of the industrial adhesives activity, including synthetic polymers, which belonged to the Bonding Systems division.
Continued development of building and construction adhesives activity by running it as an independent unit in the Flooring Systems division.
Some smaller local acquisitions in North America and Asia/Pacific.
Focused development and expansion of growth markets.