The acquisition of the €30 million turnover timber and plywood business Rougier Sylvaco Panneaux by plywood and decorative panels leader Malvaux is not expected to add further disruption to the market.
The deal follows on from Rougier’s disposal of its African timber operations, bar those in Gabon. But Malvaux, which already had a panels and marine plywood distribution relationship with Rougier has stressed that the business, with its depots in Caen, Paris and Sète, where it holds stocks of some 30,000m3, is actually set to develop under its ownership.
“Rougier Sylvain Panneaux becomes the distribution subsidiary of the full range of Malvaux Group Products throughout France,” stated Malvaux after the acquisition.
“In turn, the acquisition strengthens our industry and distribution division, accelerating deployment of our strategy to develop a global multi-product, eco-responsible offer. It enables us to provide complete range of plywood, technical and decorative panels.”
Importers said they had also not detected significant fallout yet from US-China trade conflict, but were keeping an eye on the situation.
“We haven’t yet seen Chinese plywood that would have been destined for the US diverted to Europe, but obviously the longer their dispute goes on, the greater potential it will have to disrupt international markets more widely,” said an importer.