Broadview Holding’s $840 Million Acquisition of Formica Group


Paul, Weiss advised Broadview Holding B.V. in its $840 million acquisition of the Formica Group from Fletcher Building Holdings Limited.

Fletcher Building executed the sale of Cincinnati-based Formica Group to Broadview Industries, a Netherlands-based industrial firm with a significant presence in high-pressure laminate and associated product lines. The sale includes Formica businesses in North America, Europe, and Asia, as well as its Homapal metal laminates business.

The transition is expected to be finalized in the first half of 2019.

The Formica Group invented laminate in 1913 and remains a leading provider of branded, designed surfacing solutions for commercial and residential customers worldwide. Broadview Industries currently owns Trespa (the global leader in exterior compact siding), Arpa (the largest HPL provider in Italy and developer of the innovative Fenix product line), and Westag (German based HPL manufacturer and a large-scale fabricator).

Based in ‘s-Hertogenbosch, the Netherlands, Broadview is a holding company that pursues long-term growth and value creation through active support of its operating companies. Broadview is controlled by HAL Holding N.V., an international holding company with a history that dates back to 1873. Like HAL, Broadview has a long-term perspective, and accordingly, an unrestricted holding period. The current portfolio covers three industry clusters: material technology, personal protective equipment and energy. With the acquisition of the Formica Group, Broadview will become a global leader in high-pressure laminate.

The Paul, Weiss team included corporate partners Tarun Stewart (Picture) and Thomas de la Bastide and counsel Nicholas Smolansky and Corinna Yu; intellectual property partner Claudine Meredith-Goujon; employee benefits partner Andrew Gaines; tax partner David Mayo; environmental counsel William O’Brien; antitrust counsel Marta Kelly; real estate partner Mitchell Berg; bankruptcy partner Alice Eaton; and litigation partner Aidan Synnott, counsel Rachel Fiorill and Peter Jaffe.

Involved fees earner: Tarun Stewart – Paul Weiss Rifkind Wharton & Garrison; Nicholas Smolansky – Paul Weiss Rifkind Wharton & Garrison; Corinna Yu – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Mitchell Berg – Paul Weiss Rifkind Wharton & Garrison; Alice Belisle Eaton – Paul Weiss Rifkind Wharton & Garrison; Rachel Fiorill – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Broadview Holding B.V.;