Forbo purchases adhesive maker Victa, strengthens Chinese presence
Forbo announced that it has acquired Chinese adhesives maker Victa Technology Holding Ltd. Terms of the agreement were not disclosed.
The acquisition strengthens Forbo's visibility in the Chinese market. Before purchasing Victa, Forbo had two locations in China: a belting production plant in Shenyang and a sales office for flooring and adhesives in Shanghai. With the purchase of Victa, the number of Forbo employees in China has risen to 350.