Bauwerk Parkett AG

EQS-News: Bauwerk Parkett AG: Acquisition of Haas Dom in Croatia, thus gaining access to important raw material and production capacities


EQS Group-News: Bauwerk Parkett AG / Key word(s): Acquisition
Bauwerk Parkett AG: Acquisition of Haas Dom in Croatia, thus gaining access to
important raw material and production capacities

12.12.2016 / 09:00
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Press Release

Bauwerk Boen Group has acquired Haas Dom in Croatia, thus gaining access to
important raw material and production capacities

St. Margrethen, December 12, 2016 - Bauwerk Boen Group has acquired Haas Dom,
the Croatian subsidiary of the German Haas Group. Haas Dom is a parquet and
wooden panel producer with an own saw mill in ?ur?evac. They maintain a
long-term supply contract with the state forestry administration of Croatia and
employs around 130 people.

Thanks to the take over, Bauwerk Boen can exploit further growth potentials and
respond to the shortage on raw materials, especially of large plank parquet
formats. In a first step, Bauwerk Boen intends to build-up a parquet factory
with a capacity of 1.3 million square meters and 200 employees. In a second
step, the Group aims to double the production capacity.

Zeljka Dolenec will continue as the managing director of Haas Dom as well as its
integration into the Bauwerk Boen Group. Christian Koch, member of the executive
committee of Bauwerk Boen Group, will be responsible for the overall management
of the Southern production locations in Switzerland and Croatia.

Contact
Bauwerk Boen Group
Sabine Poiger, Assistant to the Group Management
Telephone +41 71 747 72 78
Email: sabine.poiger@bauwerk-boen.com

Contact
Haas Group
Kerstin Seidel, Assistant to the Executive Board
Telephone: +49 8727 18-570
Email: kerstin.seidel@haas-group.com


About Bauwerk Boen Group

The Bauwerk Boen Group is Europe's leading developer, manufacturer and supplier
of parquet flooring in the premium segment, as well as the second-largest market
participant in wood flooring. With sold volumes of around 9.4 million square
meters annually, the Group offers a complementary portfolio of two- and
three-layer parquets as well as wooden sports flooring under the two brands
Bauwerk and Boen. The core markets Switzerland, Norway and Germany, as well as
Austria, the UK, France and the US, are served by local subsidiaries. The Asian
region is served by Bauwerk Boen Group Asia Ltd., which was established in 2015
and is located in Hong Kong. Administrative headquarter of the Group is located
in St. Margrethen, Switzerland. The production locations are concentrated in St.
Margrethen and Kietavi?k?s, Lithuania, while in Croatia the Group operates
with long-term partners. During the financial year 2015, the Bauwerk Boen Group
generated a net turnover of CHF 267 million and employed around 1,900 people.
About Haas Group

The Haas Group with its core brand Haas Fertigbau is one of the leading
prefabricated building manufacturers and timber construction companies in
Europe. Founded in 1972 by Xaver Haas as a regional carpentry business, the
company gained reputation across borders for prefabricated buildings early on
and later also for further construction and building supplier activities.
Besides organic growth and internationalization, as of the 1980ies the product
portfolio was increasingly diversified by acquisition of companies from adjacent
industries. Most recently, however, a clear focusing strategy on the core
business has been adopted. Today, the clear focus is on prefabricated timber
construction. Haas Fertigbau employs around 1,000 people and generates total
revenues of around EUR 200 million per year. In 2015, the entire Group achieved
a total turnover of EUR 300 million with an employee base of 1,700.

 
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=PRYEYLOHEP
Document title: Bauwerk Boen Group has acquired Haas Dom in Croatia, thus
gaining access to important raw material and production capacities

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End of Corporate News
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Language: English

Company:  Bauwerk Parkett AG

          Neudorfstrasse 49

          9430 St. Margrethen

          Switzerland

Phone:    +41 71 7477474

Fax:      +41 71 7477423

E-mail:info@bauwerk.com

Internet: www.bauwerk.com

ISIN:     CH0207961084

Listed:   SIX Swiss Exchange


End of News EQS Group News Service
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