Mohawk Industries subsidiary Unilin to acquire Czech Republic-based engineered wood flooring manufacturer Magnum Parket, adding to acquisitions in past year of Pergo, Spano and Marazzi

Wendy Lisney

WIELSBEKE, Belgium , January 10, 2014 (press release) – UNILIN is pleased to announce the agreement in principle to acquire Magnum.

UNILIN made its first steps into manufacturing and sales of engineered wood floors back in 2007. Ever since the company has experienced year on year growth in this category. The acquisition of Magnum is an important step to support this further growth for the years to come.

This cooperation, which brings together Magnum’s world class manufacturing for engineered wood with UNILIN’s state of art technology in wood, laminate and vinyl products will create a business with unique focus on design, innovation, quality and service that will enable UNILIN to deliver an unrivalled flooring experience to its customers.

About Magnum

Magnum Parket started their first production for engineered 3-layer wood in 1998 in the town of Vyṧkov in the Czech Republic. Magnum has excellent records for quality, their product offerings and has state of the art production equipment.

About UNILIN

UNILIN produces laminate, engineered wood and vinyl floors under the Quick-Step and Pergo brand, as well as wood-based panels (particle board, MDF), decorative panels, roofing elements and insulation panels.

UNILIN is part of Mohawk Industries, Inc., which is listed on the New York Stock Exchange. A leading supplier of flooring for residential and commercial applications, Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs. Mohawk’s international presence includes operations in China, Europe, Malaysia, Mexico, Brazil and Russia.

This is the 4th acquisition for UNILIN /Mohawk over the last year – after closing on Pergo, Spano and Marazzi.

* 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.