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Article: News Digest.(Forbo Holding AG buys shares in Balco Chemie Benelux B.V.B.A.)(Brief Article)
- Article from:
- Rubber & Plastics News
- Article date:
- October 7, 2002
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Forbo buys distributor
Forbo Holding A.G. has acquired 100 percent of the shares of distributor Balco Chemie Benelux B.V.B.A. The terms of the deal weren't disclosed.
Balco has been Forbo's distributor of industrial adhesives in Belgium. Forbo became a major player in the adhesives field when it bought Swift adhesives from Reichhold Inc. last April.
The two-person operation, which has annual sales of about $1 million, has been Forbo's distributor of industrial adhesives in Belgium for a long time, according to Zurich, Switzerland-based Forbo.
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