The Conti and Doriguzzi families sold 60% of SAIB to EGGER Group.
SAIB, founded in 1962, is one of the leading Italian manufacturers of raw particles boards (RBP) and melamine-faced chipboard (MFC). The company employs over 200 people at its plant in Caorso (PC) and manufactures approx. 600,000 m3/year of raw chipboards. SAIB is a leader in the circular economy and has been using 100% recycled wood in its production for almost 30 years.
EGGER Group, founded in 1961, employs approximately 10,800 people in 20 plants worldwide, where it manufactures an extensive product range of wood-based materials (chipboards, OSB and MDF chipboards). The company generated a turnover of € 4.23bn in the 2021/2022 business year and has worldwide customers, mostly addressing the furniture industry, interior design, wood construction and wood flooring markets.
Corus Corporate Finance acted as financial advisor to SAIB’s shareholders for the structuring of the transaction and the negotiation, throughout all phases of the selling process.