FRANCE - Unilin Group announced the planned acquisition of the French Panneaux de Corrèze. The acquisition is part of Unilin Group's strategic growth ambition and enables its Unilin Panels division to better serve the French market.

Panneaux de Corrèze produces approximately 150,000 cubic meters of MDF boards. The factory is located in Corrèze in central France and employs one hundred and ten people. The company is the French market leader in MDF and is known for its top quality MDF panels, strong brands and innovation in sustainability. The acquisition will be fully completed in November.

Unilin Panels, the panels division of Unilin Group, is a European market leader and already has 1 French production unit for MDF panels with its location in Bazeilles. Thanks to this acquisition, the production capacity for MDF panels is increased and the position in France is strengthened. This will allow Unilin Panels to offer the most qualitative, innovative and complete range of MDF products to the French market and to serve this market even faster and better. In addition, the acquisition fits perfectly into Unilin Group's sustainability strategy.

Bernard Thiers, CEO of the Unilin Group, stated: “Panneaux de Corrèze consists of a particularly strong team. I am particularly pleased that we can welcome just over 100 new colleagues to our group. We are determined to strengthen our position in France. This agreement and the will to share our knowledge and skills on both sides are an important step forward. "