The new company – Bauwerk Boen Group – will be the second-largest player in the European wood flooring market with combined sales of around €230m.
The expansion of the complementary market positions of the two brands will strengthen the competitiveness of the group and provide customers with a wider product range.
Bauwerk has a strong position in the two-layer parquet market, whereas Boen is one of the biggest suppliers of three-layer parquet.
The companies said there was little geographic overlap between their operations since Bauwerk operates mainly in Swtizerland, Germany, Austria and the Netherlands, while Boen has a strong presence in Norway, Germany, Sweden, France, the UK and the Baltics.
In the last financial year the two companies produced a combined volume of more than 8 million m2 of wooden flooring.
