The Belgian group Spano has now reached several agreements in the sales process running since the fourth quarter. The Unilin group, which belongs to Mohawk Industries, will take over all shares in Spano Group. In this vein, the Spano particleboard mill in Oostrozebeke, the Dekaply laminating mill in Erembodegem and the lacquering plant in Merchtem will be integrated into the Unilin group. At the same time, the Spano group will sell its 50% stake in the joint venture Trinterio, which includes the MDF/HDF producer Spanolux and the laminate flooring producer Balterio to its joint venture partner Balta Group. Balta will in return sell Trinterio as a whole to the IVC Group. All transactions are subject to approval by the competition authorities.
Spano goes to Unilin, Trinterio to IVC
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