Paris, 6 December
2018 - 4:30pm
Press
release
The Rougier Group is announcing the finalization of the
sale of Rougier Sylvaco Panneaux to the Malvaux Group and the
appointment of Mr Francis Rougier as Chairman and Chief Executive
Officer.
Finalization of
Rougier Sylvaco Panneaux's sale to the Malvaux Group
After completing all the
authorizations required, the Rougier Group has finalized the sale
of 100% of the capital of Rougier Sylvaco Panneaux, specialized in
importing and distributing timber and plywood in France from all
origins, to the Malvaux Group.
Rougier had announced the start of
exclusive negotiations on November 20. This sale is in line with
the realignment of the activities.
This operation represents a
significant step in the activities reorganization plan rolled out
over the past year and leading to the approval of the recovery plan
during the first half of 2019.
Appointment of
Rougier SA's Chairman and Chief Executive Officer
During the Board of Directors
meeting held today, Mr Jacques Rougier announced that he was
standing down from his position as Chairman of the Board of
Directors, reached by the age limit set in the statutes, while
remaining on as a company director. The Board appointed Mr Francis
Rougier as Chairman and Chief Executive Officer of Rougier SA with
effect from today. His appointment is in line with the Board's
desire to ensure the continuity required to finalize the
restructuring of the business.
About
Rougier
Founded in 1923, the Rougier Group is a market
leader for certified African tropical timber, with operations
covering natural forest harvesting in Central Africa, industrial
transformation and international trade.
ISIN: FR0000037640 - ALRGR
www.rougier.fr
Contact
Cyril Combe
cyril.combe@calyptus.net
Tel: +33 (0)1 53 65 68 68
Press release
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROUGIER via Globenewswire
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