The Austrian Egger Group will acquire a minority stake of 27.5% in the Italian Cleaf. The parties agreed not to disclose the value of the transaction.
The majority shareholding in Cleaf will continue to be held by the Caspani family. Egger emphasizes that it does not intend to acquire a majority stake in Cleaf in the future either.
Cleaf is an Italian company that produces innovative surfaces and solutions for the furniture and interior design industry.
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.
