Egger Group Acquires Novem Industries

Lexington, N.C., January 17, 2023-Egger Group, a manufacturer of wood-based materials, has acquired the business and assets of Novem Industries Inc., a wood recycling facility located in Charlotte, North Carolina, reports Woodworking Network.

“This acquisition will not only serve an important role in bolstering our sustainability initiatives here in North America but will also better position us in key markets as we continue to expand and grow,” said Markus Frevert, plant manager for production at Egger. “Timberpak will process post-consumer recycled materials to be used in the production of particleboard and thermally fused laminate products at our Lexington, North Carolina manufacturing plant. This diverts resources that would have otherwise gone to landfills.”

Woodworking Network reports that, "With the Novem Industries acquisition, Timberpak [Egger's wholly owned subsidiary responsible for the acquisition] intends to transition and adapt its European-based processes and procedures to meet the needs of Egger's Lexington plant, supplying raw materials for the plant’s on-site wood-recycling operations, which is currently under construction."