Kährs and Karelia-Upofloor to merge – creating Europe’s leading producer
Kährs and Karelia‐Upofloor to merge – creating Europe’s leading producer of wood floors.
Swedish company AB Gustaf Kähr (“Kährs”) and Finnish company Karelia‐Upofloor Oy (“Karelia‐Upofloor”) today announces a merger of the two companies, creating Europe’s leading producer of wood floors. The new company will be market leader in Sweden, Norway, Finland and Russia, and will hold strong positions in other important markets such as England and Germany. The new company will have revenues of around 300 million euro.
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