Bauwerk Group AG Acquires Somerset Hardwood Flooring

Swiss based Bauwerk Group AG announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1st, 2022. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets.

The transaction is characterized by the strongly complementary nature of the two companies. Somerset Hardwood Flooring has an established brand and market position in the USA with a strong presence in the relevant sales channels. Known for its solid hardwood flooring, Somerset Hardwood Flooring will be able to benefit from Bauwerk Group's expertise in multilayer engineered hardwood flooring. The companies will also benefit from a joint specialization on hardwood flooring, their shared DNA in production and a mutual focus on quality products. The combined company is establishing itself as the global market leader in quality hardwood flooring with a geographically well diversified turnover of over $400M at a production volume of over 120 million square feet.