{"id":36322,"date":"2022-05-02T17:00:00","date_gmt":"2022-05-02T15:00:00","guid":{"rendered":"https:\/\/www.immo-invest.ch\/?p=36322"},"modified":"2022-05-02T14:28:44","modified_gmt":"2022-05-02T12:28:44","slug":"acquisition-makes-bauwerk-the-world-market-leader","status":"publish","type":"post","link":"https:\/\/www.immo-invest.ch\/en\/acquisition-makes-bauwerk-the-world-market-leader\/","title":{"rendered":"Acquisition makes Bauwerk the world market leader"},"content":{"rendered":"

The Bauwerk Group acquired<\/a> Somerset Hardwood Flooring<\/a> from<\/a> Somerset in the US state of Kentucky at the beginning of May. As a result of the takeover, Bauwerk is generating annual sales of around 400 million Swiss francs, making it the global market leader for quality parquet. The two transaction partners have agreed not to disclose the financial details of the takeover.<\/p>\n

With the takeover, Bauwerk intends to strengthen its own presence in the USA and Canada. The new acquisition, which specializes in solid parquet, can also benefit from Bauwerk’s expertise in multi-layer parquet, writes the Bauwerk Group. Somerset Hardwood Flooring will remain as a brand under the new owner. The brand will be managed by former Somerset Hardwood Flooring sales manager Paul Stringer.<\/p>\n

“With Somerset Hardwood Flooring we have found the ideal partner for the US expansion of the Bauwerk Group,” Patrick Hardy, CEO and President of the Bauwerk Group AG, is quoted in the press release. “All the requirements that we placed on an acquisition, such as a good market positioning, own production and a bond with values and employees, apply to Somerset Hardwood Flooring.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Die Bauwerk Group kauft Somerset Hardwood Flooring. Die \u00dcbernahme des amerikanischen Konkurrenten macht den Parketthersteller zum Weltmarktf\u00fchrer f\u00fcr Qualit\u00e4tsparkett. Zudem kann Bauwerk seine Pr\u00e4senz in den USA und Kanada ausbauen. <\/p>\n","protected":false},"author":2,"featured_media":33934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","_surecart_dashboard_logo_width":"180px","_surecart_dashboard_show_logo":true,"_surecart_dashboard_navigation_orders":true,"_surecart_dashboard_navigation_invoices":true,"_surecart_dashboard_navigation_subscriptions":true,"_surecart_dashboard_navigation_downloads":true,"_surecart_dashboard_navigation_billing":true,"_surecart_dashboard_navigation_account":true,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22697,22351],"tags":[26606,12525,12526,23523,26607,12528,26608,26609,26610,26611,17851,13286],"class_list":["post-36322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","category-global-en","tag-bauwerk-group-en","tag-immoinvest-en","tag-immonews-en","tag-kanada-en","tag-kentucky-en","tag-news-en","tag-patrick-hardy-en","tag-paul-stringer-en","tag-somerset-en","tag-somerset-hardwood-flooring-en","tag-st-gallenbodenseearea-en","tag-usa-en","pmpro-has-access"],"acf":{"bild_mit_ki_erstellt_worden":[],"lead":"The Bauwerk Group buys Somerset Hardwood Flooring. The takeover of the American competitor makes the parquet manufacturer the world market leader for quality parquet. In addition, Bauwerk can expand its presence in the USA and Canada.","autor":"hs","ort":"St.Margarethen SG\/Somerset ","bildunterschrift":"","zusammenfassung":"","bild_im_grid":false,"gallerie":"","newsim":""},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t