BAAR, Switzerland (Jan. 3, 2012)—Forbo Group, of Forbo Holding Ltd., is selling its industrial adhesives activities, including synthetic polymers, to H.B. Fuller Co. for $396 million.
The transaction, which is subject to certain conditions, is expected to take place by March 2012. The sale does not include Forbo's building and construction adhesives unit.
Among Forbo's adhesives offerings are water-based and high-modulus polyurethane types for automotive applications, as well as adhesives for sandwich panel construction, including sprayable reactive hot melt polyurethane types.