Unilin Group, through its division Unilin Flooring, has come to an agreement with the Austrian supplier of timber and wood-based materials JAF Group to acquire an important part of its production site in Braşov, Romania.
Unilin had been looking for upstream integration in the value chain of (Engineered) Wood/Parquet flooring and is now successful. The deal includes land, buildings and industrial assets. Over 100 employees will transfer to Unilin.
The contract was concluded after a thorough due diligence check and successful production tests. The actual sale or acquisition by Unilin is subject to conditions precedent and approval by the authorities.
“We are very pleased to have found a sustainable buyer for our production site in Braşov in UNILIN. The negotiation process was extremely constructive and was successfully concluded, ”says Werner Stix, CEO of the JAF Group, about the positive discussions with Unilin over the past few weeks.
Ruben Desmet, President of Unilin Flooring: “After constructive negotiations with the JAF Group, we are very pleased to announce a deal. The integration into our group of companies clearly shows that we are committed to the wood-based materials / parquet product line.”
The post Unilin acquires industrial sawmill in Romania from JAF Group appeared first on Timber Industry News.