the world's leading publication for coverage of the OSB, particleboard, MDF, laminates, softwood and hardwood plywood and hardwood face veneer industries.

Subscribe for Free!

Panel World is published 6 times a year and is free to qualified professionals. Complete the online subscription form to start receiving your copy today!

Mohawk Purchases Spano, Pergo

Mohawk Purchases Spano, Pergo

Mohawk Industries, Inc. is purchasing Spano Invest NV (Spano), a Belgian panel board manufacturer, for €125 million ($168 million) in cash. Spano’s 2012 revenues are estimated at approximately €180 million ($231 million). This transaction is expected to close in the second half of 2013.

Spano manufactures and distributes chip and melamine board, which are used to produce furniture and building products primarily in the Belgian market. Spano became a leader in the chipboard industry in 1977 when it introduced the first continuous press operations, significantly increasing its production capacity. Today, Spano operates facilities in Belgium and has an electricity plant joint venture that converts waste wood into green energy.

Jeffrey Lorberbaum, Mohawk’s chairman and CEO, states, “The combination of Unilin and Spano will create significant synergies to bring greater value to our customers and broaden our product offering. We look forward to bringing Spano’s talented team into the Unilin family.”

  • Earlier, Mohawk Industries announced it had completed the acquisition of Pergo, a leading manufacturer of premium laminate flooring for $150 million in cash.

Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>