We receive and publish in full the press release issued by Saib about the sale of 60 percent of shares to the Egger Group.
“After 60 years of uninterrupted growth in both domestic and international markets, SAIB is ready to take on new challenges. And it does so together with Egger, a family business founded in 1961 and now present worldwide with 20 plants. As of today 21.
With an agreement signed on December 15 involving the sale of 60 percent of its shares to the EGGER Group, SAIB is preparing for the big leap into the global market with an extraordinary prospect of development in terms of production capacity and expansion of the product portfolio.
The Caorso plant, which will continue to be managed by members of SAIB’s owning family, Giuseppe Conti, Clara Conti and Sergio Doriguzzi, becomes a springboard to the world and to the future. “The integration of our company into the international EGGER Group,” say Sergio Doriguzzi and Giuseppe Conti, managing directors of SAIB, “is part of a development project that will benefit both our production and our employees and collaborators. We will be able to benefit from the experience and network of a large Group that has always focused on production improvement and the pursuit of product quality. Both companies were founded and grown by families, and their common values, foremost among them a focus on environmental sustainability and trust in their employees, provide a solid foundation for building a future of continuity and innovation.”
EGGER, a world market leader in chipboard, OSB, MDF and other semi-finished wood products, is an all-around supplier to the furniture, furnishings and coatings industries.
EGGER shares with SAIB a passion for a material that offers endless possibilities for use and reuse, a strong focus on the needs of an increasingly environmentally conscious customer base, and a drive for innovative solutions.
Thomas Leissing, group management spokesman, places great emphasis on the synergy of this acquisition. “Italy is one of the main furniture markets in Europe and SAIB one of the main suppliers to the Italian furniture industry. The acquisition of a majority stake in SAIB represents an opportunity for us to expand our portfolio with innovative and trend-setting products for the furniture and interior design industry.”
