Columbia purchases Malaysian engineered hardwood maker
The effective date of the purchase was July 21; terms were not disclosed.
This is Columbia's first large-scale investment in offshore manufacturing facilities. As Columbia president David Wootton noted, "Owning an offshore operation with a pre-established distribution network throughout Europe and the Far East will enable us to further expand our sales horizons by driving Columbia's U.S.-made product range into European and Asian markets where Malaysia Wood Industries is already known as a highly respected, efficient organization."
The MWI plant was built 20 years ago and includes two plants which produce prefinished engineered longstrip floating floors.