The acquisition adds own production of wood flooring near the important Central European market and supply of the high-quality Croatian oak to the Group. Pozgaj has a quality profile that fits well with Kährs Group and is a strategic complement through the company’s location in Southeast Europe. Pozgaj Flooring, which was previously part of Pozgaj Group, manufactures wood flooring including saw mill operations.
“This partnership is a further step to develop Kährs Group and to strengthen our market position in Central Europe”, says president and CEO Christer Persson. “It also means we can better serve our customers in Central Europe by moving production closer to them, meeting the strong demand for our 2-layer wood floors”.
Through the acquisition, Kährs Group becomes a minority owner in Pozgaj Flooring with an option to acquire the remaining shares. (Kährs Group)
About Kährs Group
Kährs Group is a world leading wood and resilient flooring manufacturer with well-known and globally recognized brands such as Kährs, Karelia and Upofloor. The company’s innovations have shaped the industry and Kährs purposefully work to bring new innovations to the flooring market.
Kährs Group deliver products to more than 70 countries and have a market leading position in Sweden, Finland, Norway and Russia as well as a strong position in other important markets such as the UK and Germany. The Group employs 1,500 people and has yearly sales of around 300M EUR.