Pergo and HW Industries receive approval on share acquisition

Pergo AB and the main shareholder of Witex AG -- HW Industries GmbH & Co. KG -- have signed a binding agreement concerning an acquisition of shares between Pergo and Witex. The agreement is that Pergo will acquire all shares in Witex owned by HW Industries.

The agreement between Pergo and Witex is among other things conditional upon approval from anti-trust authorities in Germany and Sweden. As announced on Feb. 20, the German anti-trust authority approved the merger. An approval from the Swedish anti-trust authority has now also been received.