Research Triangle Park, N.C. -- Reichhold, Inc., a wholly owned subsidiary of Dainippon Ink and Chemicals, Inc. (DIC), is negotiating to sell its Swift Adhesives business to Forbo Holding A.G., a global manufacturer of adhesives, belting and floor coverings headquartered in Zurich, Switzerland.

The adhesives industry, which has a global market size of approximately $22 billion (2.64 trillion yen), has been integrated into a few large chemical companies and many niche companies that manufacture specialty adhesives. Reichhold has been planning to reinforce its core business and divest its non-core business as part of its restructuring plan.