Kajo Neukirchen GmbH has acquired the entire shareholding of Coveright Surfaces Germany GmbH from Coveright Surfaces Holding GmbH. Financial details of this transaction have not been made public.
Coveright Surfaces Germany GmbH is a manufacturer of surfacing solutions for wood panels.
Coveright Surfaces Holding GmbH is a leading manufacturer of impregnated paper used as surface for furniture, flooring, buildings, derived timber products and motor vehicles. Josef Kagon, CEO and David Miers, CFO of the holding, welcomed this transaction as a consequential part of the company's worldwide divestment strategy and as a positive step for the future development of Coveright Surfaces Germany.
Oaklins' team in Germany advised the seller in this transaction.
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