Door manufacturer Dortek of County Wicklow, Ireland, buys 94.05% stake in Slovenian particleboard manufacturer Lesna Tip, hopes to purchase remaining shares

Wendy Lisney

Wendy Lisney

LOS ANGELES , October 12, 2011 () – Door manufacturer Dortek of County Wicklow Ireland, which has a manufacturing facility in Johor, Malaysia, has purchased a 94.05% stake in particleboard manufacturer Lesna Tip.

Dortek made the purchase through its subsidiary Miador, according to a report by German industry news service Euwid.

Lesna Tip is located in Dravograd, northern Slovenia, and has been owned since 2002 by the Prevent Global group in Slovenia, which filed for bankruptcy on Aug. 3 last year. The sale of Lesna Tip is part of the sell-off of Prevent's bankruptcy assets.

According to media reports from Slovenia, Prevent Global's administrator Boris Kastivnik held talks with two Slovenian and two foreign potential buyers before announcing that Dortek's bid had been successful.

The reports said that Ikea's subsidiary Swedspan had considered acquiring the plant and continuing to produce particleboard there, but withdrew its interest after concluding that parts of the complex would require modernization, and sourcing wood for the plant would present problems.

Dortek plans to aquire the remaining shares in Lesna Tip, which are held by small shareholders and a subsidiary of Prevent.

The primary source of this article is Euwid Gernsbach, Germany, on Oct. 11, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.