Broadview Holding completes Formica acquisition

Sale of HPL manufacturer completed

04 Jun, 19

Broadview Holding has completed the acquisition of the Formica Group from Fletcher  Building.

Broadview completes Formica acquisition

 

Manufacturer of high pressure laminate surfacing, Formica Group is a global brand and has a network of design, manufacturing, distribution and sales operations.

It was established in 1913 and was acquired by Australian and New Zealand building company Fletcher Building in May 2007.

The sale of Formica Group businesses in Europe, includes Formica Prima, North America and Asia, as well as Homapal laminates company in Germany, and was announced on December 18, 2018.

These will join Broadview Holding’s existing surface materials businesses, which includes Arpa, Trespa and Westag.

Combining Formica’s brand and distribution network with the technology base and product portfolio of its  sister companies will “aid long term growth of the business”, reports Broadview.

It will also mean Formica customers will be able to access  proprietary products from Arpa, Trespa and Westag brands.

In addition, Broadview Holdings says there will be strengthened investment in the development of surface solutions.

Broadview is a member of HAL Holding, which is listed on the Amsterdam Stock Exchange, and is worth around  €11billion.

Prior to the Formica Group acquisition Broadview Holding employed around 2,900 people worldwide and has combined sales of around €700million.

The combined group now sees it boasting a turnover of €1.2billion and employing around 6,000 employees.