The purchase agreement between EGGER and the Rauch Group for the plant in Markt Bibart, Germany, was signed on 8 September 2023. With the closing on 10 November 2023, the plant is officially part of the EGGER Group, which now counts 22 production plants.
The plant in Markt Bibart has facilities for the production of raw chipboard with a capacity of up to 650,000 m3 per year. The location employs 195 people, who are taken over by the EGGER Group. The parties have agreed not to disclose the purchase price and further details of the transaction. The Rauch Group’s furniture plants remain unaffected by the takeover.
„Sustainable growth based on our own performance is our declared objective. We are successfully continuing our strategy with this additional location in our core market Germany. The many years of expertise of the staff in Markt Bibart, together with the synergy effects resulting from our Group presence, enable great growth potential for the location,“ emphasises Thomas Leissing, EGGER CFO and Speaker of the Group Management.
With regard to processes and systems, EGGER is striving for a rapid integration of the plant into the Group. In addition, the wood-based material manufacturer is already examining the first investment projects at the location. EGGER is definitely counting on the experience of the local staff.
