Egger to acquire minority stake in Cleaf

Cleaf and Egger, two manufacturers globally active in the sector of surface materials for furniture and interior design entered into a partnership about a year ago as an expression of a common vision and mutual respect between the two family businesses. As already announced (Joint Press Release of 23.9.2019), the sales partnership will now be followed by the next step: EGGER will acquire a minority stake of 27.5% in CLEAF. The parties agreed not to disclose the value of the transaction.

“We have always pursued the vision of broader cooperation. Our cooperation in sales has shown that together we can offer our customers the best of two worlds“, both companies comment. 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.

For more information, refer to the article coming out in the next issue of Xylon.