Valinge Terminates Two Chinese Licenses

Viken, Sweden, March 19, 2012 -- Välinge said it has terminated its license agreements on glueless mechanical locking system with the Chinese laminate producers Jiangsu Better Decorative Materials Co., Ltd. and Changzhou Haokai Decorative Materials Co., Ltd.

Valinge said the action was taken due to non-compliance with contractual provisions.

The companies have had licenses for Välinge's 2G locking system for laminate products since 2011, Valinge said.