Navigation

Forbo sets sights on Spanish market

The floor coverings and industrial materials supplier, Forbo, is set to take over the Spanish adhesives producer, Carzuh, which has annual sales of SFr25 million (13.8 million).

This content was published on June 12, 2001 - 11:17

Carzuh supplies the car, furniture and wood industries. The transaction should be completed next month.

Forbo, with adhesive sales of SFr206 million last year, is trying to expand this part of its business through acquisitions and organic growth.

"The takeover of Carzuh is a first step in the implementation of this part of the strategy," said Forbo in a statement.

The deal gives the company access to the Spanish industrial adhesives market.

Forbo, best known for its linoleum floors, also announced a warning on Tuesday that the company's first-half performance will probably lag behind that of 2000 reflecting the general slowdown of the world economy.

It said earnings for the first five months of the year had fallen short of the company's expectations but is said it still expected operating profit for the year as a whole to be higher.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?