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Sweden: Complementary floor makers to merge in strategic European move

By  |  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.

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