Kährs Acquires Minority Stake in Pozgaj Flooring

Stockholm, Sweden, Feb. 16, 2015 -- Wood and resilient maker Kährs Group said it has acquired a minority stake in recently formed Croatian Pozgaj Flooring.

The acquisition gives Kährs production of wood flooring near the important Central European market and supply of the Croatian oak to the Group.

Pozgaj Flooring, which was previously part of Pozgaj Group, manufactures wood flooring including saw mill operations.

With the deal, Kährs Group has an option to acquire the remaining shares.