Represented Egger Holzwerkstoffe GmbH (“EGGER”), a global producer of wood-based panel products based in Austria, on its acquisition of a 25.1% stake in Panel Plus Co. Ltd., Thailand’s leading producer of wood-based panels and a subsidiary of Thai conglomerate Mitr Phol Group.

Tilleke & Gibbins’ team for this matter, led by Charupat Boon-Long and Paul Westover, assisted the client with the full transaction, including advising on overall deal strategy and structuring, conducting due diligence on the target, drafting the transaction documents, submitting relevant filings, and assisting with all closing and post-closing matters. The first stage of the transaction closed in January 2024, and the second and final stage closed in July 2024.

Founded in 1961, the EGGER Group ranks among the world’s leading wood-based material manufacturers, and this acquisition was a key component of its strategy for sustainable international growth. As a result of the acquisition, EGGER now has 22 manufacturing sites in 11 countries worldwide and more than 11,000 employees.