Fletcher Building has unveiled the sale of Cincinnati-based Formica Group to Broadview Industries, a Netherlands-based industrial firm. The sale includes Formica businesses in North America, Europe, and Asia, as well as its Homapal metal laminates business.
The announcement today reflects the signing of a Sale Purchase Agreement which defines the main elements of the transaction and brings together two leading companies in the international decorative surfacing industry. The transition is expected to be finalized in the first half of 2019.
“This combination represents an exciting future for the Formica Group, as the two businesses are complimentary with a strong strategic alignment,”said Mitch Quint, president of Formica Corporation North America. “Formica brings a global reach with its operational and commercial capabilities and Broadview brings unique and innovative product technologies, including Trespa exterior products and Fenix acrylic surfaces.”