A Holding Company, owned by a family active in the woodworking industry for decades, starts a particle board production in Shatura, Russia

A Holding Company, owned by a family active in the woodworking industry for decades, starts a particle board production in Shatura, Russia

One of the largest furniture producers of Russia, AO "MK Shatura" (Russia, Moscow Region, Shatura) and XyloSuisse LLC (Russia Moscow Region, Shatura), the Russian subsidiary of the Holding Company, have reached an agreement for the purchase of AO “MK Shatura" plant for chip boards, laminated chipboards and resins production.

It is the very first investment of XyloSuisse LLC at the Russian woodworking market whereas the Company and its management possess considerable international experience in the sphere of chipboards manufacturing. The new plant is intended to be focused on high quality panels' fabrication, modern design and flexible solutions for the furniture industry. The plant capacity will undoubtedly increase and the existing lines will be quickly optimized under the control of XyloSuisse LLC, which guarantees the stable supply of qualitative raw materials and tailor-made solutions for Russian and European players of furniture production sector.

“By selling the raw board production to XyloSuisse, MK Shatura will be able to concentrate on its core business, the fabrication of high-grade, modern furniture for reasonable prices and further improve our service quality", – said Mr. Dellarosa, the CEO of MK Shatura furniture factory, – “thus new prospects of furniture production development will be raised for our plant and hence we expect further investment and modernization of our production lines in general."

Conveyance, renaming and rebranding of the chipboards production plant are planned for the 1st quarter of 2018. Straight after the transaction execution, XyloSuisse LLC intends to modernize and optimize the plant's production capacities.

The transaction has been organized and accompanied by eastconsult LLC (Moscow, Russia) who will further assist in optimization of the plant. For legal aspects XyloSuisse LLC has been advised and assisted by French-Russian law firm KAMS.

Shatura, November 4th, 2017