A PYMNTS Company

Sweden: Complementary floor makers to merge in strategic European move

 |  October 24, 2012

Wood floor makers Kährs and Karelia-Upofloor have agreed to merge in a strategic move to become a combined market leader throughout Europe in several nations including Sweden, Norway, Finland, and Russia with anticipated annual revenues of $390 million. In a statement Kährs CEO Christer Persson says the two companies complement each other in business practice, products and geography; Persson will become CEO of the new company if the merge is approved.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Hardwood Floors Mag

    Related Content: Ten Years of Pros and Cons Conferences

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.