Egger Group acquires majority stake in Italian recycling company

IndustryNews Thu 18th Apr 2024 by KBBFocus

Egger Group acquires majority stake in Italian recycling company

Egger Group acquires majority stake in Italian recycling company

The Egger Group has acquired 60% of the shares in Italian recycling company Cartfer Urbania S.r.l, which is based in Urbania (IT), in the Marche region, at the heart of the Italian furniture industry. The deal was finalised on 27th March 2024 and the previous owner, Sara Burani, will remain part of the company management. The experienced team of 8 employees will be taken over. All parties have agreed not to disclose the purchase price or any further details of the transaction.

The new site is the latest addition to the Egger Group’s international network of recycling collection sites that the wood-based material manufacturer operates under the name Egger Timberpak. This investment lays the foundation for the first recycling collection site in Italy and reflects the Egger Group’s goals of further increasing the proportion of wood used from recycling and securing the supply of raw materials with backward integration. 

Giuseppe Conti, plant manager finance/administration at the Caorso plant, said: “Italy has an excellent recycling system. We can benefit greatly from this know-how thanks to our majority investment in Cartfer Urbania and the great expertise of its workforce. Our chipboard plant in Caorso (IT) uses 100% recycled wood. We can now make the valuable resource that is recycled wood even more readily available for our production in that location.” 

Cartfer Urbania has been a specialised recycling company since 2017. For more than five years, it has also been a reliable supplier to the Italian wood-based material manufacturer SAIB in Caorso, which has been part of the Egger Group since December 2022. The Egger Groups says that the Cartfer Urbania site also offers scope for future expansion investments. 

Sara Burani, co-owner of Cartfer Urbania, said: “I am proud that Cartfer Urbania has joined the large Egger family. This important step will allow our company to grow faster and to be able to face the upcoming challenges with more solidity. It is a great growth opportunity for all of us.”

Tags: industry, news, egger group, egger uk, Giuseppe Conti

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