Upofloor Oy now in ceramic tile markets

15.2.2008

Upofloor Oy has acquired the share capital of Laattamaailma Oy on 15 February 2008. Laattamaailma Oy is engaged in the import and sales of ceramic tiles and glass bricks in Finland. Laattamaailma's branch is located in Espoo. As a result of the transaction, Upofloor Oy will strengthen its position as Finland's market leader in flooring by offering its customers an even wider product selection. Approximately 6-7 million m2 of ceramic tiles are sold in Finland each year.

Laattamaailma Oy's owners and personnel will continue in the employ of the company.

Upofloor Oy is part of the Karelia-Upofloor Group, one of Europe's leading manufacturers of floor coverings. The Group's main products are hardwood and plastic floorings. The Group has seven production facilities in different parts of Finland as well as plants in Russia and Romania. The company exports its products to approximately 40 countries< besides Finland, the main market areas are Scandinavia, Russia, the Baltic states, Central Europe, North American and Japan. Consolidated net sales in 2006 totalled EUR 122.7 million. The number of personnel is currently approximately 1,000. Karelia-Upofloor Oy is a Finnish family company whose main shareholders are the Hartwall family and the family of Industrial Counsellor Heikki Väänänen.

Further information:

Mikko Kilpeläinen, CEO, Karelia-Upofloor Oy
mikko.kilpelainen@kareliaupofloor.com
Tel. +358 (0)50 542 5884

Petri Peltonen, CEO, Upofloor Oy
petri.peltonen@upofloor.fi
Tel. +358 (0)40 543 9847

Jouko Siltanen, Sales and Marketing Manager, Upofloor Oy
jouko.siltanen@upofloor.fi
Tel. +358 (0)400 634 479