Forbo Holding
| Forbo Holding AG
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|---|---|
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| legal form | Corporation |
| ISIN | CH0003541510 |
| founding | 1928 |
| Seat | Baar ZG , Switzerland |
| management | Stephan Bauer (Chairman of the Management Board ) This E. Schneider ( Chairman of the Board of Directors ) |
| Number of employees | 5700 (December 31, 2018) |
| sales | 1.33 billion CHF (2018) |
| Branch | Floor coverings and drive / light conveyor technology |
| Website | www.forbo.com |
The Forbo Holding , based in Baar , Canton train is an internationally active Swiss manufacturer of flooring and building adhesives and drive - and conveyor belt solutions .
The group of companies has an international network of 26 locations with production and sales as well as 46 pure sales organizations in a total of 36 countries. Forbo employs over 5,700 people and in 2018 generated sales of 1,327.0 million Swiss francs. The company is listed on the Swiss Stock Exchange SWX Swiss Exchange listed .
Field of activity
Forbo comprises two business areas, Forbo Flooring Systems and Forbo Movement Systems.
The Flooring Systems division specializes in linoleum , vinyl floor coverings, entrance systems, carpet tiles, needle felt coverings and Flotex. These are used, among other things, in public buildings, hospitals, schools, business premises and in living areas. With a market share of around 65 percent, Forbo is the global market leader in linoleum.
Flooring Systems also offers ready-made adhesives for laying floor coverings and ceramic tiles as well as leveling and leveling compounds for the construction industry under the brand name Eurocol.
The area Movement Systems is to drive belts , conveyor - and processing belts and plastic modular belts, dental and - flat belts specialized synthetic materials. The products sold under the Siegling brand name are used in a wide variety of areas in industrial, trading and service companies, for example as a process belt in the food industry, as a treadmill in the fitness studio or as a flat belt in a letter distribution system.
history
Forbo in 1928 of three linoleum manufacturers from Germany ( German Linoleum-Werke AG, Berlin ), Sweden ( linoleum Aktiebolaget Forshaga ) and Switzerland ( linoleum AG Giubiasco ) under the company name Continentale Linoleum Union established, it represented by its own account at this time " about 80% of continental European linoleum production ”. In the following year the Nederlandsche Linoleumfabriek (Netherlands) was added, later also other companies from Austria, France and Latvia. The DLW then left the Union for political reasons towards the end of the 1930s.
From the 1950s, the company began diversifying its business into related products such as carpets and vinyl flooring .
In the early 1970s, the adhesives division was separated from the linoleum business and continued to operate independently. At the same time the company was renamed from Continentale Linoleum Union to Forbo . In the two decades that followed, Forbo developed into a global corporation with operations on all five continents. Acquisitions were made and business activities were expanded to include wall coverings and high-pressure laminates.
1994 Forbo took specializing in transmission and conveyor belt technology Siegling based in Hannover . In the second half of the 1990s, the wall coverings and laminates were spun off.
In 2000 the group realigned itself strategically to the four business areas linoleum, vinyl, plastic tapes and adhesives and subsequently made several smaller acquisitions to strengthen the adhesives business. The industrial areas, including extrusion profiles, decorative products and coated textiles, were spun off, while the carpet area was sold through a management buy-out .
In the first half of the 2000s, the adhesives sector was expanded internationally with the takeover of the Swift company , with operations in the USA, Europe and Asia. The plastic strapping business area in Great Britain was also expanded. The linoleum and vinyl divisions were merged to form Forbo Flooring. At the same time, the three strategic business areas of flooring, adhesives and plastic tapes were formed. Production takes place in two plants in Krommenie, Holland and Kirkcaldy, Scotland .
2006 Acquisition of Victa Technologies, a Chinese adhesive manufacturer specializing in hot melt adhesives and water-based adhesives.
2007 new branding and growth strategy; the three core areas are renamed Flooring Systems, Bonding Systems and Movement Systems and operate an integrated corporate strategy under the Forbo umbrella brand.
In 2012, the focus will be on the leading market positions Flooring Systems and Movement Systems. Bonding Systems' activities with industrial adhesives (including synthetic polymers) will be sold to HB Fuller . Construction adhesives will be continued as an independent unit within the Flooring Systems division.
Web links
Individual evidence
- ↑ a b c [1] in the media archive at forbo.com, March 5, 2019.
- ↑ Hermann Simon mentioned Forbo Holding in his book of the same name as an example of a " hidden champion ". ( Hidden champions of the 21st century: The strategies for success of unknown global market leaders . Campus, Frankfurt am Main 2007, p. 29. ISBN 978-3-593-38380-4 .)
- ↑ Silvia Tauss: The problem of maintaining linoleum coverings in situ - using the example of the “Cheesmeyer” department store in Sissach , diploma thesis, Bern, 2007, pp. 21–22
- ^ HB Fuller to Buy Forbo Adhesives Business - Forbes. In: forbes.com. Retrieved February 16, 2016 .
- ↑ Forbo sells adhesive activities to HB Fuller. In: Konstruktionspraxis.vogel.de. Retrieved February 16, 2016 .
- ^ HB Fuller Newsroom. In: hbfuller.com. Retrieved February 16, 2016 .