Saib is part of Egger Group

The Egger Group has acquired 60% of the shares in Italian wood-based materials manufacturer, Saib, based in Caorso, near Piacenza. It has been one of the leading wood-based materials manufacturers in Italy for 60 years.

For the factory, with around 200 employees, the majority shareholding by Egger opens up further growth and synergies in this globally active group of companies. With this investment, Egger has confirmed its strategy of further growth in its home market of Europe.

Egger’s investment in Saib is an ideal match and offers great development potential for both companies. Additionally, in the long-term EGGER will potentially further increase the participation. The parties have agreed not to disclose the purchase price or further details of the transaction.

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