History
Karelia-Upofloor Oy has strong roots in Finland.
1955
| | Manufacturing of resilient coverings begins in Nokia. Production expands in 1960s to include public spaces' resilient mats and flexible vinyl mats.
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1981
| | Upofloor Oy inaugurates quartz vinyl tile factory at Ikaalinen.
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1981
| | Karelia Parketti begins from Parkettiliike Väänänen Oy, founded by Heikki Väänänen to engage in hardwood flooring installation, wholesale and imports.
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1991
| | Tuupovaara hardwood flooring factory acquired by Karelia Parketti Oy. Production of hardwood flooring with Karelia trademark begins in 1992.
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1998
| | Kuopio factory completed.
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2000
| | Karelia Parketti Oy and Upofloor Oy merge to form Karelia Yhtymä group.
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2004
| | Hartwall family becomes majority shareholder of Karelia Yhtymä Oy (Hartwall family 63.3%, Heikki Väänänen's family 33.4%, external board members and operative management 3.3%).
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2007 2007 | |
Group name changed to Karelia-Upofloor Oy.
Karelia-Upofloor started production in Romania.
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2008
2008 | | Upofloor Oy acquired the share capital Laattamaailma Oy (import and sales of ceramic tiles and glass bricks).
Karelia-Upofloor's subsidiary, Focus Wood, started parquet production in Russia. |
2008 | |
Hartwall Capital Oy Ab buys the Karelia Upofloor Oy shares owned by Heikki Väänänen's family. After the acquisition Hartwall Capital and its stakeholders own ninetynine percent of the group.
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