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.
“We are delighted to have found a sustainable purchaser for our production site in Braşov. The negotiation process was extremely constructive and has been successfully concluded,” commented Werner Stix, CEO of the JAF Group, on the positive outcome of the discussions with Unilin over the past weeks.
No financial details on this transaction are to be made public. The deal is expected to be closed by the 4Q 2021.