DURHAM, N.C. (Jan. 31)—Reichhold Inc. and Forbo Holding A.G. are still negotiating to complete Forbo´s acquisition of Reichhold´s Swift Adhesives business. The two firms announced the tentative deal in November and said at the time they expected to finalize negotiations by the end of 2001. But talks continue and there is no new projection on when they will finish, according to a Reichhold spokeswoman. Forbo is looking to more than double its presence in the adhesives business, while Reichhold said it wanted to sell Swift to focus on its core composites and coatings units.
Reichhold, Forbo still negotiating
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