Forbo to Develop Building and Construction Adhesives within the Flooring Business
- Jun 28, 2012
Following the sale in early March 2012 of the
industrial adhesives and synthetic polymers
activities, which had formed part of the Bonding
Systems division, to H.B. Fuller Company,
Forbo evaluated the strategic options for the
remaining building and construction adhesives
activity and has decided that the best way to
maximize the potential of this activity is to run
it within the Flooring Systems division.
The investments in markets, technologies, and
production facilities made in recent years
provide a solid basis for further developing this
Jochen Schwemmle, who was in charge of the
industrial adhesives activity in Central,
Northern and Eastern Europe in the Forbo
Group, will be running it within Flooring
Systems as of January 1, 2013. Jochen
Schwemmle, 49, a German national, worked
for many years in a variety of management
positions in industrial companies before joining
Forbo in 2010.
The building and construction adhesives activity
employs a workforce of about 270 people and
posted net sales of CHF 100.4 million in the
2011 business year. Its main markets are
Benelux, Germany, Russia, and Eastern Europe.
It has production facilities in the Netherlands,
Germany, and Russia.
Forbo is one of the leading manufacturer of floor
coverings, building and construction adhesives,
as well as power transmission and conveyor belt
technology. The company employs a workforce
of some 4,900 and has an international network
of 24 production facilities and distribution
companies as well as 36 sales organizations in
33 countries across the globe. The company
generated net sales of CHF 1,203.8 million in
the 2011 financial year and is headquartered in
Baar in the canton of Zug, Switzerland.
The Group company Forbo Holding Ltd is listed
on the SIX Swiss Exchange (securities number
354151, ISIN CH0003541510, Bloomberg FORN
SW, Reuters FORN.S).
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