Accsys is investing in increasing its Accoya Color production capability by acquiring Euro 1.2 million of assets and equipment from former UK-based modified wood producer Lignia Wood Company Limited and its administrators.
The equipment and resources will enable Accsys to accelerate growth of its premium Accoya Color product: Accoya that is coloured through from surface to core.
Benefitting from added expertise with former Lignia team members joining the business, Accsys will repurpose the acquired equipment in Barry, Wales, to convert Accoya wood into Accoya Color. This will allow a much more rapid growth in production and availability ahead of launching into more geographic markets and applications, planned for next year. Accsys does not intend to continue with the production of Lignia products.
Rob Harris, Accsys CEO, said: “We are pleased to announce the purchase of these assets, which will enable us to meet the strong demand for our fast-growing Accoya Color product. Since launching Accoya Color in the DACH region in Europe last year, we have seen very strong demand from our customers and are looking forward to increasing its availability as a high value, highly desirable product.”
