KARELIA-UPOFLOOR AND KÄHRS TO MERGE - CREATING EUROPE’S LEADING PRODUCER OF WOOD FLOORS
Karelia-Upofloor Oy and Swedish company AB Gustaf Kähr ("Kährs") today announces a merger of the two companies, creating Europe's leading producer of wood floors. The new company will be market leader in Sweden, Norway, Finland and Russia, and will hold strong positions in other important markets such as England and Germany. The new company will have revenues of around 300 million euro.
QFL is a leading importer of a range of premium European prefinished and unfinished engineered timber floors in New Zealand, offering comprehensive warranties.