WARREN, N.J. -- Formica Corp. reported that the company’s net sales for 2000 increased $167.1 million, or 27.5%, to $773.7 million vs. $606.6 million for the same prior year period. The acquisition of PSM accounted for $185.0 million of the increase, which was partially offset primarily by the impact of unfavorable foreign exchange.
Adjusted EBITDA for the year increased $14.9 million, or 23.4%, to $78.7 million from $63.8 million in 1999.