{"id":6672,"date":"2012-09-17T00:00:00","date_gmt":"2012-09-17T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-helps-kronospan-spanish-expansion-with-acquisition-of-grupo-interbon\/"},"modified":"2026-06-16T13:28:22","modified_gmt":"2026-06-16T17:28:22","slug":"livingstone-helps-kronospan-spanish-expansion-with-acquisition-of-grupo-interbon","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/nl\/transaction\/livingstone-helps-kronospan-spanish-expansion-with-acquisition-of-grupo-interbon\/","title":{"rendered":"Livingstone helps Kronospan Spanish expansion with acquisition of Grupo Interbon"},"content":{"rendered":"\n

Livingstone\u2019s Industrial sector team has advised Austrian Group <\/strong>Kronospan<\/strong><\/a> on its \u20ac50m acquisition of Spanish manufacturer of wood based panels, chemicals and doors, Grupo Interbon.<\/strong><\/p>

Established in 1897, Kronospan is the global leading wood based panels and laminate flooring manufacturer, with 34 wood-based panel manufacturing sites and offices across 27 countries. The Company, which remains family owned, employs over 11,000 people with 70% of total product sales generated in emerging markets.<\/p>

Founded 1965, Interbon\u2019s activities include a particleboard plant, a medium density fiberboard (MDF) plant, a chemicals plant, a door manufacturer and a logistics business. Although Interbon had over 72% of the Spanish market pre-crisis, the severe recession forced Interbon, and many of its competitors, into liquidation.<\/p>

Livingstone was approached by Kronospan in June 2012 to help prepare and negotiate the acquisition of Interbon in a competitive process launched by the liquidator. For over 10 years, Kronospan had been interested in securing a footprint in Spain. Partner at Livingstone Madrid, Neil Collen, had met Peter Kaindl, Chairman and CEO of Kronospan in 2006 when Livingstone was appointed to sell Faus Group, a Spanish laminate flooring manufacturer. On that occasion Kronospan was outbid and Faus was sold to Kronospan\u2019s rival Finsa, but Peter was left with a positive impression of Livingstone and was keen to involve Neil in the Interbon deal.<\/p>

During the Interbon acquisition process, the Livingstone team led the negotiations with liquidators, unions and regional government, and gave advice on deal structure and valuation.<\/p>

Kronospan\u2019s existing markets and its customers will have access to a wider range of products and services. Kronospan will also undertake significant investment in Interbon to improve productivity, and ensure market leading health and safety and environmental controls.<\/p>

Mike McKenna, President of Kronospan<\/strong> UK, said: \u201cFrom the very beginning, I knew we could trust the Livingstone team. They demonstrated a work ethic that aligns with our culture. They work very hard and deliver results within tight deadlines, paying close attention to detail and highlighting both challenges and opportunities. As a new entrant to the Iberian market, Kronospan found in Livingstone an advisor with local knowledge and relationships at the city, regional, and national levels, and that was a very valuable asset for us. They were able to clearly explain to us, from a local cultural perspective, all the issues and procedures necessary for the launch of our transactions in Burgos.\u201d<\/em><\/p>

\u201cIt was a real pleasure working with Peter Kaindl and his team at Kronospan. They have a vast amount of experience in restructuring companies and turning them into profitable businesses and this will secure the future of Interbon and its workforce,\u201d<\/em> said Neil Collen, Partner of Livingstone Spain.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2976,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-6672","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1034],"date":"20120917","client_type":55,"type":[1086],"region":[363,350],"services":[428],"sectors":[580,595],"related_transactions":"","related_testimonials":[49325],"contacts":""},"yoast_head":"\nLivingstone helps Kronospan Spanish expansion with acquisition of Grupo Interbon - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, 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