Companies in the timber industry / Wood-based panels / Europe
April 1, 2014

Sonae sells two plants in France to Kronospan

Sonae Indústria on Tuesday informed that, further to the announcement of 17 March, its indirect affiliate, Isoroy SAS, has today completed the sale to Kronospan of the businesses and assets relating to its Auxerre and Le Creusot plants located in France, including the transfer of the employees dedicated to those businesses. From now onward, the contribution of the aforementioned two plants will no longer be considered in Sonae Indústria group’s consolidated results. The value of the transaction was not disclosed ...

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