The acquisition of the Formica Corporation by Fletcher Building Limited, one of Australia and New Zealand’s leading building products companies, is an exciting and positive development for Formica’s European business. Combined with Fletcher’s existing businesses, it will result in the creation of the world’s largest manufacturer of decorative surfaces and high pressure laminate.

Mark Adamson, President, Formica Europe commented, “This is an exciting opportunity for Formica’s business in Europe. Fletcher Building Limited has recognised the inherent value in the Formica brand and its strength. In turn, Fletcher Building is an excellent fit with the business, given its existing strengths and market leading positions in building materials, manufacturing and distribution.”

As the current guardian of the Formica brand in New Zealand and Australia, Fletcher Building Limited recognises the heritage and enduring strength of the brand worldwide. This acquisition provides the opportunity to increase the geographic diversity of Fletcher Building, whilst establishing a truly global laminates platform.

Formica Europe’s financial performance, product portfolio and employee team is as strong as it has been in 20 years. It has been recognised as an innovator, with an excellent record of new product development and product introductions, including new designs, materials and surfacing finishes.

For Formica Europe, it is business as usual and any changes to regional business units will be minimal