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Forbo Group's Overview

Total employees2629
HeadquartersBaar
Founded1928

Forbo Group is a global leader in the manufacturing and supply of floor coverings, building and construction adhesives, and movement systems (conveyor and power transmission belts). The company is structured into two main divisions: Forbo Flooring Systems, renowned for its diverse range of sustainable and durable flooring solutions including linoleum, vinyl, textile, and flocked flooring; and Forbo Movement Systems, a specialist in high-performance conveyor belts, processing belts, and power transmission belts used across various industries such as logistics, food, and manufacturing. Forbo is committed to sustainability, innovation, and customer-centric solutions worldwide.

Where is Forbo Group's Headquarters?

HQ Function

The global corporate headquarters in Baar serves as the central hub for Forbo Group's strategic management, financial oversight, corporate governance, investor relations, and key decision-making processes for its worldwide operations.

Notable Features:

A modern office facility situated in a key Swiss business location, likely incorporating Forbo's own innovative and sustainable flooring products to showcase their quality and application. Designed to support global collaboration and operational excellence.

Work Culture:

The work culture at Forbo's headquarters is characterized by Swiss precision, a strong focus on quality and innovation, and an international mindset. It fosters collaboration, sustainability, and long-term value creation, supporting a diverse global workforce.

HQ Significance:

The Baar headquarters is pivotal for unifying Forbo's diverse business units (Flooring Systems and Movement Systems) under a cohesive global strategy. It represents the company's stability, Swiss heritage, and commitment to market leadership and sustainable practices.

Values Reflected in HQ: The headquarters likely embodies Forbo's core values of quality, innovation, sustainability, customer focus, and responsible corporate citizenship.

Location:

Forbo Group maintains a robust global presence with 25 production facilities and distribution companies, complemented by 49 sales organizations spanning across all continents. This extensive network supports worldwide functions including manufacturing, research and development, sales, marketing, logistics, and customer service for both its Flooring Systems and Movement Systems divisions. This allows Forbo to effectively serve a diverse international customer base and adapt to regional market needs.

Street Address:

Lindenstrasse 8

City:

Baar

State/Province:

Zug

Country:

Switzerland

Forbo Group's Global Presence

Assendelft, Netherlands

Address: Industrieweg 12, 1566 JP Assendelft, Netherlands

Serves as a major production and distribution center for linoleum flooring for the European market and global exports, leveraging long-standing Dutch expertise in linoleum manufacturing and sustainable practices.

Huntersville, NC, USA

Address: 12201 Vanstory Drive, Huntersville, NC 28078, USA

Supports the North American market by providing locally manufactured products, customization services, technical support, and sales operations, ensuring timely response to regional customer demands for movement system solutions.

Hannover, Germany

Address: Lilienthalstraße 6-8, 30179 Hannover, Germany

Acts as a central hub for production, R&D, and distribution of movement systems solutions for the European market and beyond, focusing on high-performance applications and industry-specific innovations.

Buying Intent Signals for Forbo Group

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Forbo Group

As of April 2025, Forbo Group' leadership includes:

Michael Schumacher - Chief Executive Officer (CEO) and Head of Movement Systems a.i.
Andreas Spreiter - Chief Financial Officer (CFO)
Jens Fankhänel - Executive Vice President, Flooring Systems

Investors of Forbo Group

Forbo Group has been backed by several prominent investors over the years, including:

Michael Pieper Group (Artemis Beteiligungen I AG et al.)
BlackRock, Inc.
Norges Bank (Norwegian Central Bank, managing Government Pension Fund Global)
Other institutional and private shareholders

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits1

Over the past year, Forbo Group experienced a key executive change with the departure of the Head of Movement Systems. The CEO has taken on ad interim leadership for this division.

Departures

Matthias Heinz, Matthias Heinz left his position as Executive Vice President of the Movement Systems division and member of the Executive Board.

New Appointments:

Michael Schumacher, Michael Schumacher, CEO of Forbo Group, took on the additional role of Head of the Movement Systems division on an ad interim basis, effective January 1, 2024.

Technology (Tech Stack) used by Forbo Group

Discover the tools Forbo Group uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Forbo Group Email Formats and Examples

Forbo Group typically uses a standard corporate email format, most commonly [first].[last]@forbo.com. This pattern is widely adopted for employee communication across the organization.

[first].[last]@forbo.com

Format

firstname.lastname@forbo.com

Example

90%

Success rate

News and media

Forbo Group Investor RelationsApril 11, 2024

Forbo Group: Shareholders Approve All Proposals at 2024 Annual General Meeting

At Forbo Holding Ltd's Annual General Meeting held on April 11, 2024, shareholders approved all proposals submitted by the Board of Directors. This included the approval of the annual report, financial statements, the proposed dividend distribution, and the re-election of board members....more

Forbo Group Investor RelationsMarch 5, 2024

Forbo Posts Solid Net Profit for 2023 Despite Challenging Market Environment

Forbo Group announced its 2023 financial results, reporting net sales of CHF 1,175.1 million. Despite a currency-adjusted sales decrease of 6.1% due to challenging market conditions, particularly in the construction sector affecting Flooring Systems, the company achieved a solid Group net profit of CHF 87.1 million. The Movement Systems division demonstrated resilience....more

Forbo Group Investor RelationsMarch 5, 2024

Forbo Group: Board of Directors' Proposals to the Ordinary General Meeting 2024

The Board of Directors of Forbo Holding Ltd announced its proposals for the Ordinary General Meeting on April 11, 2024. These included the re-election of existing board members, approval of the 2023 annual report and financial statements, and a proposed dividend payment....more

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