Unilin laminated flooring producer, based mostly in Belgium and owned by US Mohawk Industries group, by means of its division Unilin Flooring, has reached an settlement with the Austrian provider of timber and wood-based supplies JAF Group to amass an necessary a part of its manufacturing website in Braşov, central Romania.
The deal contains land, buildings and industrial property of JF Furnir Brasov. Over 100 staff will switch to Unilin as effectively, Profit.ro reported.
“We’re delighted to have discovered a sustainable purchaser for our manufacturing website in Brasov. The negotiation course of was extraordinarily constructive and has been efficiently concluded,” commented Werner Stix, CEO of the JAF Group, on the constructive end result of the discussions with Unilin over the previous weeks.
No monetary particulars on this transaction are to be made public. The deal is predicted to be closed by 4Q 2021.
Based mostly in Belgium, the Unilin group specializes within the manufacturing of laminate flooring, having in its portfolio manufacturers corresponding to Pergo and Fast-Step and over 30 factories, with greater than 7,500 staff in complete.
Mohawk Industries entered Romania in 2015 by means of the acquisition of the Bulgarian ceramic tile producer KAI, current on the native market by means of the businesses KAI Ceramics and Progres Ceramica.
Final 12 months, JF Furnir Brasov (the topic of the deal) had a turnover of RON 117 mln (EUR 25 mln) and a lack of RON 47.3 mln whereas using 299.
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