With the aim of further strengthening its own market position in Asia, the Egger Group has acquired a 25.1% stake in the Thai wood-based materials manufacturer Panel Plus Co., Ltd. The purchase agreement was signed on November 30, 2023, and the closing took place on January 3, 2024. Panel Plus Co., Ltd. was founded in 1990 and today produces a wide range of wood materials such as chipboard and MDF boards in raw and coated form. The core markets are the furniture industry and specialist retailers in Thailand, Malaysia and Vietnam. “Asia, as an important growth market ...
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