Swiss-flooring leader acquires Somerset Hardwood Flooring

Switzerland-dependent Bauwerk Group AG has obtained Somerset Hardwood Flooring, a vertically integrated forest products and solutions company dependent in Somerset, Kentucky, successful May well 1. Facts of the acquisition ended up not disclosed.

With the acquisition, Bauwerk Group AG claimed it strengthens its world wide profile and gains a much better foothold in the increasing North American flooring markets. 

In a assertion, Bauwerk named the two companies “complementary in mother nature.” Somerset Hardwood Flooring has an founded brand and sector posture in the U.S. with a robust presence in the pertinent profits channels. Regarded for its sound hardwood flooring, Somerset will be capable to reward from Bauwerk Group’s know-how in multilayer engineered hardwood flooring. The companies will also gain from a joint specialization in hardwood flooring, their shared DNA in output, and a mutual concentration on top quality goods. The merged firm is establishing alone as the world market place leader in high-quality hardwood flooring with a geographically very well-diversified turnover of around $400 million at a manufacturing quantity of around 120 million sq. ft.

“With Somerset Hardwood Flooring, we have uncovered the ideal husband or wife for Bauwerk Group AG’s U.S. enlargement. All the demands we have set for acquisition, such as excellent market place positioning, have production, and a suit in terms of values and folks, use to Somerset Hardwood Flooring,” reported Patrick Hardy, CEO and president of Bauwerk Team. “We are delighted to be capable to proceed the accomplishment tale of Somerset Hardwood Flooring and the legacy of founder Steve Merrick.”

“Both parties deliver key prosperous attributes to the table, when mixed, will empower only fortify the subsequent techniques for both equally companies,” claimed Somerset’s proprietor Steve Merrick of the transaction. “Under the management of the Bauwerk Group, Somerset Hardwood Flooring will be able to further more extend its strengths and posture by itself for even more progress in the long run.”

The Somerset Hardwood Flooring brand name will continue to be and complement the other manufacturers in the Bauwerk Team portfolio (Bauwerk Parquet and Boen), with all 3 models retaining their respective regional focuses and item identities. Bauwerk Group can rely on the confirmed management team at Somerset Hardwood Flooring, led by lengthy-time Somerset Hardwood Flooring VP profits & internet marketing Paul Stringer as the new CEO/president.

Merrick will continue to have and run his other forest products and solutions organizations in the group, including Somerset Hardwood Lumber (which will turn into Merrick Hardwoods, Inc.) Somerset Biofuel, Inc. (d/b/a Somerset Pellet Gasoline) Kentucky Hardwood Lumber Company, Inc. and Interstate Hardwoods, Inc. On top of that, the Merrick companies will continue on to manufacture and market place their unfinished strong wood flooring model.