EANS-News: EGGER’s acquisition of Masisa Argentina is concluded

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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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With the closing of the contracts on the 30th of September 2017, the plant in
Concordia and the sales structure become part of the EGGER Group

Mergers - Acquisitions - Takeovers

St. Johann in Tirol, October 2017 - The acquisition of the Masisa plant in
Concordia, Argentina, from the Chilean Masisa S.A. is successfully completed
upon closing of the contracts. This will be the first time the wood-based
material manufacturer EGGER is represented with a production site outside
Europe. The Group, with headquarters in St. Johann in Tyrol, takes over the
number 2 in Argentina for a purchasing price of USD 155 million debt-free.

The acquisition contracts between EGGER and Masisa were signed on the 17th of
July 2017. In addition to the plant in Concordia, which has facilities for
producing and coating chipboard and MDF board, EGGER also took over the retail
network Masisa Placacentro in Argentina, Uruguay, and Paraguay that is run
independently by 43 partners. The plant in Argentina employs 500 people, which
the Austrian wood-based material manufacturer is taking over.

"With the acquisition of Masisa Argentina, we are continuing the
internationalisation of the Group and continue to grow based on our own
performance", says Thomas Leissing, spokesperson of the EGGER Group Management.
"Our goal is to become a key market player in South America."

About EGGER

The family company founded in 1961 now employs approximately 9,000 people. In
18 plants, they produce an extensive product range of wood-based materials
(chipboard, OSB, and MDF board) as well as timber. The company generated a
turnover of EUR 2.38 billion in the 2016/2017 financial year, and has worldwide
customers in the furniture industry, wood and flooring retailers, as well as
DIY markets. EGGER is a full-range supplier for the furniture and interior
design industry, for wood construction, as well as wood-based flooring
(laminate, cork and design flooring) industries.

Concordia plant, Argentina
 _____________________________________________________________________________
|                                     |                                       |
|* With a 35% market share number 2 in|* The Concordia plant has a capacity of|
|  Argentina                          |  165,000 m3 chipboard, 280,000 m3 of  |
|* Turnover in Argentina of USD 131   |  MDF boards and 274,000 m3 lamination.|
|  million in 2016.                   |                                       |
|_____________________________________|All_500_employees_are_taken_over.______|





Further inquiry note:
FRITZ EGGER GmbH & Co OG
Holzwerkstoffe
Manuela Leitner
Weiberndorf 20
6380 St. Johann in Tirol
Austria
T	+43 5 0600-10638
F	+43 5 0600-90638
manuela.leitner@egger.com

end of announcement euro adhoc
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issuer:       Egger Holzwerkstoffe GmbH Weiberndorf 20 A-6380 St. Johann in
              Tirol
phone:        +43/(0) 50/600-0
FAX:          +43/(0) 50/600-10111
mail:         info@egger.com
WWW:          www.egger.com
ISIN:         AT0000A0NBF0, AT0000A0WNP5
stockmarkets: Wien
language:     English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE

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