EGGER acquires 60% of the shares in Italian wood-based materials manufacturer SAIB. With this investment, EGGER is confirming its strategy of further growth in its home market of Europe.
SAIB, based in Caorso, Italy, the leading wood-based materials manufacturer with a strong focus on design and sustainability. For the plant with around 200 employees, the majority shareholding by EGGER opens up further growth and synergies in this globally active group of companies.
Thomas Leissing, Speaker of the EGGER Group Management, emphasises the synergies of the takeover: "Italy is one of the leading furniture producing countries in Europe, and SAIB is one of the leading suppliers for the Italian furniture industry. With the majority shareholding in SAIB, we are broadening our market access, increasing our capacity and expanding our product portfolio with Italian design expertise."
Egger is one of the world's leading wood-based solutions suppliers. Egger produces an extensive product range of wood-based materials (chipboard, OSB, and MDF board) as well as timber.
