Published on : Monday, January 20, 2014
UNILIN announce the agreement in principle to acquire Magnum. It was back in the year 2007 that the company first ventured into the manufacturing and sales of engineered wood floors and now with the acquisition of Magnum it will likely to provide them further boost in the concerned sector.
This cooperation, which brings together Magnum’s world class manufacturing for engineered wood with UNILIN’s state of art technology in wood, laminate and vinyl products will create a business with unique focus on design, innovation, quality and service that will enable UNILIN to deliver an unrivalled flooring experience to its customers.
Magnum Parket started their first production for engineered 3-layer wood in 1998 in the town of Vyṧkov in the Czech Republic. Magnum has excellent records for quality, their product offerings and has state of the art production equipment.
UNILIN produces laminate, engineered wood and vinyl floors under the Quick-Step and Pergo brand, as well as wood-based panels (particle board, MDF), decorative panels, roofing elements and insulation panels.
UNILIN is part of Mohawk Industries, Inc., which is listed on the New York Stock Exchange. A leading supplier of flooring for residential and commercial applications, Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs. Mohawk’s international presence includes operations in China, Europe, Malaysia, Mexico, Brazil and Russia.