Industry News

DIC to Sell Reichhold’s Adhesives Business

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Reichhold, Inc., in conjunction with parent company, Dainippon Ink & Chemicals, Inc. (DIC), has agreed to complete the sale of its adhesives business to Forbo Holding AG, headquartered in Switzerland.      The intent to sell was originally announced in November 2001. Both parties expect to obtain the approval from the relevant authorities. DIC decided to divest Reichhold’s adhesives business, which has annual sales of approximately U.S. $250 million (30 billion yen) and approximately 600 emp...

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