Malaysian timber products manufacturer Leweko Resources Bhd has acquired a majority stake in flooring producer Wooden Industries SB.
Pesinsular Malaysia-based Leweko paid M$7.9m for the 51% stake in Wooden Industries, which makes solid and engineered tropical and temperate hardwood flooring.
Leweco recorded a turnover of M$131.9m in the year ending December 2006. It produces logs, sawn timber and mouldings and manufacturing facilities include finger-jointing and lamination capabilities.
It recently set up production lines for high-grade lamscants and KOMO-certified laminated timber products.
