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Please find below all Forbo media releases listed by year.
Forbo closes sale of its industrial adhesives activities to H.B. Fuller
In December 2011, Forbo announced an agreement to divest its industrial adhesives activities, including synthetic polymers, from its Bonding Systems division to H.B. Fuller Company. Following fulfillment of all the conditions, the deal was successfully closed on March 5, 2012.
Baar, March 5, 2012
In the 2010 business year, the Bonding Systems division, with industrial adhesives, synthetic polymers and building and construction adhesives, posted sales of CHF 606.6 million (with industrial adhesives and synthetic polymers accounting for CHF 499.3 million and building and construction adhesives CHF 107.3 million). Bonding Systems employed around 1,400 people. Thereof, the building and construction adhesives activity, which is not affected by the deal, employs around 300 people.
Forbo is a leading manufacturer of floor coverings, building and construction adhesives as well as power transmission and conveyor belt solutions. Prior to the closing of the transaction, the company had approximately 6,000 employees, 41 production and distribution sites as well as 47 pure sales companies in a total of 35 countries worldwide. In the 2010 business year, it generated net sales of CHF 1,789.7 million. Forbo is headquartered in Baar in the canton of Zug, Switzerland.
Forbo will disclose relevant details on its divested and continuing activities when it announces the 2011 annual results on March 20, 2012.
More information about the company can be found on the website www.forbo.com.
The Group company Forbo Holding Ltd is listed on the SIX Swiss Exchange (securities number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
Contact person:
This E. Schneider
Delegate of the Board of Directors and CEO
Phone +41 58 787 25 49
Fax +41 58 787 20 49
