Unilin Group announces the anticipated acquisition of Panneaux de Corrèze. Panneaux de Corrèze produces approximately 150,000 m3 of raw MDF panels. Its production plant is located in Corrèze, France, and has 110 employees. The acquisition will be completed by early November.
The panel division of Unilin Group, Unilin Panels, is a European market leader. It has one other MDF panels production plant in France in Bazeilles. This acquisition will increase the company's MDF panels production capacity and strengthen its position in France. The acquisition also fits perfectly within Unilin Group's sustainability strategy. Thanks to its Next range, Panneaux de Corrèze has a great deal of expertise on reducing the use of fossil raw materials to manufacture its panels.
All Panneaux de Corrèze employees will be joining the Unilin Group and the existing structures are maintained. The current Panneaux de Corrèze management will stay in place to help steer the integration in the right direction.
Veronique Hoflack, President of Unilin Panels, said: “Unilin Panels aims to achieve 25% growth by 2025. We want to become the market leader in Belgium, the Netherlands and France. With the acquisition of Panneaux de Corrèze, we will offer our customers in France an even wider range of new product innovations and will improve our service even further. It allows us to do our bit to ensure a stronger and more sustainable future for our own employees and for all our customers in the French interior design and construction industry."
