OOO Coveright RUS has been acquired by Interprint GmbH
Interprint GmbH has acquired OOO Coveright RUS from Coveright Group and its joint venture partner Jacobs Trading Ltd. Financial details of this transaction have not been disclosed.
OOO Coveright RUS, the Russian subsidiary of the Coveright Group, operates a plant for melamine and phenolic resin surfacing materials in Russia. A long-term know-how license agreement ensures that Coveright RUS will continue to produce the entire existing product range. The high quality standard that is expected by the customers in Russia and the CIS countries is thus guaranteed.
Interprint GmbH, a subsidiary of Wrede Industrieholding and based in Arnsberg, is one of the internationally leading decor printers. The company has a worldwide market presence with further locations in Russia, Poland, Italy, Malaysia, China and the USA.
The Coveright Group is a leading manufacturer of impregnated paper used as surface for furniture, flooring, buildings, derived timber products and motor vehicles. Besides the Russian subsidiaries, the group has further production facilities in Europe and America.
Oaklins' team in Germany advised the seller in this transaction.
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Dr. Florian von Alten