Bauwerk
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Bauwerk Group acquires Somerset Hardwood Flooring
Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets. Somerset Hardwood Flooring has an established brand and market position in the U.S. with a strong presence in the relevant sales channels. Known for its solid hardwood flooring, Somerset Hardwood Flooring will be able to benefit from Bauwerk Group's expertise in multilayer engineered hardwood flooring. The combined company will have a turnover of over $400M at a production volume of over 120 million square feet. The Somerset Hardwood Flooring brand will remain and complement the other brands in the Bauwerk Group portfolio (Bauwerk Parquet and Boen),... Continue reading
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May 3, 2022
Bauwerk Group acquires Somerset Hardwood Flooring
Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets. Somerset Hardwood Flooring has an established brand and market position in the U.S. with a strong presence in the relevant sales channels. Known for its solid hardwood flooring, Somerset Hardwood Flooring will be able to benefit from Bauwerk Group's expertise in multilayer engineered hardwood flooring. The combined company will have a turnover of over $400M at a production volume of over 120 million square feet. The Somerset Hardwood Flooring brand will remain and complement the other brands in the Bauwerk Group portfolio (Bauwerk Parquet and Boen),... Continue reading
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Bauwerk Group acquires Somerset Hardwood Flooring
Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets. Somerset Hardwood Flooring has an established brand and market position in the U.S. with a strong presence in the relevant sales channels. Known for its solid hardwood flooring, Somerset Hardwood Flooring will be able to benefit from Bauwerk Group's expertise in multilayer engineered hardwood flooring. The combined company will have a turnover of over $400M at a production volume of over 120 million square feet. The Somerset Hardwood Flooring brand will remain and complement the other brands in the Bauwerk Group portfolio (Bauwerk Parquet and Boen),... Continue reading
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Bauwerk Group acquires Somerset Hardwood Flooring
Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets. Somerset Hardwood Flooring has an established brand and market position in the U.S. with a strong presence in the relevant sales channels. Known for its solid hardwood flooring, Somerset Hardwood Flooring will be able to benefit from Bauwerk Group's expertise in multilayer engineered hardwood flooring. The combined company will have a turnover of over $400M at a production volume of over 120 million square feet. The Somerset Hardwood Flooring brand will remain and complement the other brands in the Bauwerk Group portfolio (Bauwerk Parquet and Boen),... Continue reading