STOCKHOLM, Sweden, May 14, 2004 (PRIMEZONE) -- Pergo is a major Swedish laminate flooring company with leading positions in the markets especially in North America and Europe. Pergo's head office is situated in Trelleborg, Sweden. The Classen Group is one of the most important laminate flooring manufacturers of the world with fully integrated facilities for production and logistics.
Classen and Pergo have signed a long-term partnership agreement for all Western European markets with the exception of Germany.
Through the agreement Pergo will be given the exclusive right to sell and distribute products from Classen, to primarily Pergo's customers in the retail and pro segments throughout Western Europe.
The partnership will enable Pergo to broaden its range of products. Pergo will now have the possibility to offer attractive products also in the medium-price segments in addition to its existing premium product ranges.
The Classen Group with its modern German production facilities in Baruth and Kaisersesch will through this agreement get increased exposure to the retail and pro segments in Western Europe.
Trelleborg 2004-05-14 Kaisersesch 2004-05-14 Pergo AB Classen Group
For further comments and questions please contact: Pergo: CEO Goran Bernhoff, +46 410 36 31 00 Communications Manager Asa Ruhr, +46 410 36 31 00 Classen Group: Director Ralf Eisermann, +49 26 53 98 07 05
Pergo is a laminate flooring company with leading market positions, particularly in Europe and the US. Net sales amounted to MSEK 2,799 (3,194) in full-year 2003 and the number of employees was 795 (784) as at December 31, 2003. Pergo developed laminate flooring at the end of the 1970s and launched the product in Europe during the 1980s. The company started sales in the US in 1994 and, to a smaller degree, in Asia in 1995 and Latin America in 1997. The company's products have been marketed under the Pergo(R) brand name since 1989. The company is listed on the Stockholm Stock Exchange. For further information about Pergo, please visit our homepage www.pergo.com.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/05/14/20040514BIT20510/wkr0006.pdf
Press release in pdf