DUSSELDORF – Pfleiderer AG (ISIN DE0006764749), has entered into an agreement to sell Pergo to Mohawk Industries, Inc., a leading supplier of flooring applications in the US. Pergo is a leading manufacturer of premium laminate flooring in both Europe and the United States. The transaction is expected to close no later than first quarter of 2013 and is subject to customary governmental approvals and closing conditions.
As part of the ongoing restructuring Pfleiderer AG last year had announced the disposal of the North American operations. Following the initial disposal of the Uniboard operations in the United States in January 2012, the Canadian operations of Uniboard were sold in September 2012. With the sale of Pergo, the withdrawal from the North American market has now been completed.
BNP Paribas and Nordea Corporate Finance are acting as financial advisors and Morrison Cohen LLP and Noerr LLP are acting as legal advisors to Pfleiderer AG.
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