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Forbo Adhesives, LLC has Acquired the Assets of Industrial Adhesives, Inc.

Published on 2005-11-21. Author : SpecialChem

Research Triangle Park, NC -- Forbo Adhesives, LLC, a wholly owned subsidiary of Forbo Holding AG, Switzerland, is pleased to announce the acquisition of the assets of Industrial Adhesives Inc., based in Eugene, Oregon. Forbo Adhesives, LLC has its North American headquarters in the Research Triangle Park, North Carolina.

The acquisition is an important strategic step for Forbo Adhesives in moving its global product portfolio to higher value products. In addition, it provides the framework to expedite the process of commercializing Industrial's Packtape™ and Packstring™ adhesive coated products lines.

In addition, Forbo has completed construction of their new water based adhesive manufacturing plant at the Eugene site. This site now has the capability to produce water based, thermoplastic hot melt and adhesive coated products under one roof.

Jack Chambers, President of Forbo Adhesives, LLC commented, "We are extremely pleased to complete the acquisition of the assets of this formidable developer and producer of high performance hot melt adhesives." The acquisition provides the framework to broaden Forbo's technology platform in combination with expanding our capabilities for providing customized solutions to our customers.

Forbo is a leading producer of floor coverings, adhesives and beltings. The company employs some 5,500 people and has an international network of production companies and sales organizations in 31 countries. Forbo's Head office is in Baar / Switzerland. The holding company Forbo Holding AG is listed at the SWX Swiss Exchange.

Source: Forbo Adhesives, LLC

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