BOSTON – Mintz represented Bauwerk Group AG, a leading Swiss-based manufacturer of parquet flooring, in its purchase of Somerset Hardwood Flooring, a vertically integrated forest products company. The deal creates a global market leader in hardwood flooring with a combined turnover of $400 million at a production volume of over 120 million square feet.
As part of the agreement, Somerset Hardwood Flooring, which is based out of Somerset, Kentucky, will maintain its branding and continue to operate under its name, while giving Bauwerk a truly global footprint.
“We were extremely proud to work with our client to execute such an important purchase for the Bauwerk portfolio,” says Member Marc Mantell, who led on the deal. “It also adds to the growing list of international M&A transactions that we continue to advise on and showcases the extraordinary talent here at Mintz.”
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