PRESS RELEASE
ST. JOHANN, JUNE 2010
EGGER TAKES OVER 71.5 PERCENT OF SHARES IN
ROMA PLASTIK, TURKEY
Position as full-range supplier strengthened
In mid-June 2010, the Tyrolean wood-based material manufacturer EGGER
signed the purchase contracts for the takeover of 71.5 percent of the shares in
the Turkish edgeband manufacturer Roma Plastik, Gebze, as well as an option
for the acquisition of the remaining shares. The remaining 28.5 percent of the
shares are held by ROMA management. Both sides have agreed to keep the
purchase price confidential. The takeover will be finalised subject to approval
by the Turkish Competition Board.
“The majority holding in the company Roma Plastik strengthens our position as a
full-range supplier,” says Thomas Leissing, Head of Finance / Administration
EGGER Group and management spokesman, in support of the purchase. “The
strong presence of Roma in Eastern and Southern Europe as well as the Middle
East is of particular importance to us in this transaction, since these countries are
among the key strategic markets for EGGER,” adds Ulrich Bühler, Head of Sales /
Marketing EGGER Group.
Roma Plastik is among the leading global edgeband manufacturers and is active in
more than 50 countries. The company was founded in 1996 and, with 400
employees and a turnover of approximately EUR 50 million, is the largest
manufacturer of PVC, melamine and ABS edgebands in Southern and Eastern
Europe. Roma has also been represented by a sales office in Rheda-Wiedenbrück,
Germany since the year 2009.
“I am pleased to have found a competent partner for our company with the EGGER
Group. This will assure the future of Roma and create new opportunities for
progress,” comments Aydin Robert Baler, CEO of Roma Plastik.
SUCCESSFUL DEVELOPMENT WITHIN THE LAST FOUR YEARS
EGGER acquires Roma Plastik from funds advised by private equity firms Turkven
Private Equity and Advent International, who have held a majority share since
2006. The funds and the management team have considerably grown the company
both in terms of its product range and its geographic orientation during their
ownership and the sale to EGGER concludes a successful investment for both
firms. The sellers were advised by Standard Unlu Bank of Turkey.
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PRESS RELEASE
ST. JOHANN, JUNE 2010
INTEGRATED OFFERING FROM THE BOARD TO THE EDGING
With the acquisition of the Roma shares, the EGGER Group continues its growth
and expands its product spectrum with edging produced in-house. As a full-range
supplier for the furniture industry, distribution, fabricators and architects, EGGER
emphasises matching colours and materials. The company offers its customers
solutions from a single source. “We will be in an even better position to live up to
this promise in the future. In addition, our ability to harmonise product developments
for decors and surfaces between the edging and the melamine surface will be
enhanced,” says Ulrich Bühler, Head of Sales / Marketing EGGER Group.
ABOUT EGGER
With 5,500 employees and a turnover of EUR 1.5 billion (2008/2009 business year),
the EGGER Group with its headquarters in St. Johann in Tirol is one of the leading
international wood processing companies. Founded in 1961, the family company
has 15 production plants across Europe and customers around the world including
the furniture industry, wood distributors and DIY markets. EGGER products are
found in countless areas of private and public life: in kitchens, bathrooms, offices,
living rooms and bedrooms. Following the guiding principle “More from Wood”, the
Tyrolean wood-based material manufacturer offers a comprehensive product range
of coreboards made of wood-based materials (chipboards, OSB boards and MDF
boards) as well as timber under the EGGER umbrella brand. The production
capacity in the 2008/2009 business year was 6.35 million m³ (224.25 million cubic
feet). Most of these base materials are upgraded with trend-conforming decors and
surfaces.
FACT BOX – ROMA PLASTIK TAKEOVER
 EGGER continues to grow
 EGGER takes over 71.5% of the
shares
 In-house selection of edging
strengthens position as full-range
supplier
 Special focus on markets in Eastern
Europe and the Middle East
For queries:
FRITZ EGGER GmbH & Co. OG
Holzwerkstoffe
Christina Werthner
Weiberndorf 20
6380 St. Johann in Tirol
Austria
T +43 5 0600-10681
F +43 5 0600-90681
PLEON Publico
Dr. Wolfgang Immerschitt
Paracelsusstraße 4
5020 Salzburg
Austria
T +43 662 620 242-0
F +43 662 620 242-20
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PRESS RELEASE
ST. JOHANN, JUNE 2010
[email protected]
[email protected]
www.egger.com
PHOTOS EGGER Holzwerkstoffe, reproduction with naming of copyright holder free of charge
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