Pervanovo Invest AB, headquartered in Viken Sweden and with subsidiaries in Croatia, has acquired 98% of the shares in Spačva d.d. in Vinkovci, Croatia
Spačva has 850 employees and is one of Europe's largest manufacturers of oak veneers.
Following the acquisition, Pervanovo will become Croatia's largest wood processing company with 1,700 employees and 5 production units.
Pervanovo's two Croatian veneer companies, Bjelin Otok and Spačva d. d., located on the edge of Europe's largest continuous oak forest, the Spačva Forest, have a production capacity of 25 million m² of oak veneer. Pervanovo thus becomes Europe's largest manufacturer of high-quality FSC-certified oak veneers for the flooring and furniture industry.
In a few years the main part of the oak veneer will be used internally to produce hardened wooden floors in Viken, Sweden and in Ogulin, Croatia according to the patented Woodura technology developed by Pervanovo's subsidiary Välinge in Viken.
Darko Pervan, CEO of Pervanovo Invest AB, says: “There is a general shortage of oak, and the acquisition will double our oak supply. With our new Woodura technology, we can manufacture 10 times more hardened wooden floors from an oak log than when conventional technology is used. Through the acquisition, we have now secured all the oak veneers that we need to become Europe's leading wood flooring company with a production exceeding 20 million m².”
