M&A Deal Summary

Forbo Holding AG Acquires Bonar Floors

On July 28, 2008, Forbo Holding AG acquired apparel/textiles company Bonar Floors from Low & Bonar for 123M GBP

Acquisition Highlights
  • This is Forbo Holding AG’s 1st transaction in the Apparel/Textiles sector.
  • This is Forbo Holding AG’s 0th largest (disclosed) transaction.
  • This is Forbo Holding AG’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2008-07-28
Target Bonar Floors
Sector Apparel/Textiles
Buyer(s) Forbo Holding AG
Sellers(s) Low & Bonar
Deal Type Divestiture
Deal Value 123M GBP

Target

Bonar Floors

Switzerland
Bonar Floors is a provider of resilient and textile flooring solutions for the commercial market.

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Buyer(S) 1

Buyer

Forbo Holding AG

Baar, Switzerland
Category Company
Founded 1928
Sector Building Materials
Employees5,168
DESCRIPTION

Forbo is a producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions.

DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 2 of 2
Country (Switzerland) 1 of 1
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-11 Fenner - Lightweight Conveyor Belt Operations

Charlotte, North Carolina, United States

Fenner - Lightweight Conveyor Belt Operations manufactur a range of lightweight PVC conveyor belts used in a wide variety of industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-19 Forbo Holding - Industrial Adhesives Business

Switzerland

Forbo Holding AG, Industrial Adhesives Business produces adhesives for various industries, including paper processing, packaging, shoe and textile, and furniture, as well as for manufacturing automotive and motor home interior trims and synthetic polymers for adhesives, varnish, paint, and construction industries.

Sell Fr.370M

Seller(S) 1

SELLER

Low & Bonar

London, United Kingdom
Category Company
Founded 1903
Sector Apparel/Textiles
Revenue 317M GBP (2019)
DESCRIPTION

Low & Bonar PLC produces advanced, high-performance materials from polymer-based yarns and fibers. The proprietary technologies it uses to weave and create them lead to products with exceptional strength and versatility. Low & Bonar was 1903 and is based in London.

DEAL STATS #
Overall 1 of 2
Sector (Apparel/Textiles) 1 of 2
Type (Divestiture) 1 of 2
Country (Switzerland) 1 of 1
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-29 Mehler Texnologies

Hückelhoven, Germany

Mehler Texnologies GmbH (MTX) is a producer of technical coated fabrics with headquarters in Hückelhoven, Germany. Its members are wholly-owned subsidiaries of Mehler AG, a part of KAP Beteiligungs-AG. It produces premium materials for a variety of uses including, inter alia, side curtains for the transport market and fabrics for the architectural and print markets.

Buy £166M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 Xeroflor International

Ortholz, Germany

Xeroflor is an innovative business with a strong position in the fast growing green roofing market, based in Germany. Its core activity is in the design and supply of value-added pre-vegetated mats used in green roof construction in both new and refurbished buildings.

Buy £6M
Mergr

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