Timberman and Amorim have entered into a joint venture to become the leader in the wood and cork flooring market in Denmark. As part of the agreement, Amorim acquired 50% of Timberman's shares. Both companies' flooring products will continue to be sold under their existing brand names through Timberman's existing distribution network. The goal is to further enhance their market leading position in Denmark by branding both Timberman's wood floors and Amorim's cork floors under the Wicanders brand.

1. May2011
AMORIM REVESTIMENTOS, S.A. PRESS RELEASE
Timberman and Amorim join forces on the Danish Flooring market
Timberman and Amorim have entered into a Joint-Venture. The goal is to become leader with-
in the Wood and Cork flooring market in Denmark.
Today, Timberman is already known for its strong brand recognition within the wood floor-
ing segment. Timberman’s range of wooden floors comprises traditional parquet flooring and
plank floors as well as more specialized products such as Marineplank, Wideplank and Slot-
splank. Amorim, with its premium brand Wicanders, is known for its strong position within the
Cork flooring segment.
Wicanders’ cork-based floors offer a wide range of attractive floating-Loc and glue-down solu-
tions for both residential and commercial market segments. Due to the sound and heat insu-
lating layer of cork they are much more comfortable and noiseless to walk on than other floors
and they have a sound attenuating effect on the entire room.
Starting from June 1st, Timberman and Amorim have agreed to fully integrate Wicanders
flooring and all sales and marketing activities into Timberman’s organisation in Hadsund.
As a consequence of the new established Joint-Venture between Timberman and Amorim,
Amorim Revestimentos S.A. - has acquired all “Industrial Development (private equity) shares”
in Timberman and now holds 50 per cent of the shares in Timberman following an issue of
new shares. Amorim Revestimentos S.A. is part of the Portuguese Amorim Group, which is the
largest producer of cork in the world and holds 70 per cent of the world market for cork-based
floorings.
“Our aim is to further enhance our market leading role on the Danish flooring market through
branding of both Timberman’s wooden floors and Wicanders’ cork floors. In the future, all
products will therefore be sold and marketed under their existing brand names and the dis-
tribution will also be more or less unchanged”, says Keld Jensen, CEO of Timberman.
In terms of organization, Keld Jensen and Bjarne Pedersen from Timberman will still own 50
per cent of Timberman Denmark A/S and they will make up the Executive Board of the com-
pany with Keld Jensen as CEO in charge of the day-to-day management. Amorim’s Danish
sales-department in Greve will be closed and fully integrated in Timberman’s organization in
Hadsund. Both Danish Wicanders sales consultants – Poul Kristensen and Jakob Melvang – will
join Timberman’s sales organization.
For more information please contact the respective Amorim country organization or appointes representative.
Look at www.amorim.com / www.wicanders.com
Amorim Revestimentos, S.A. | P Box 13 | 4536-907 S. Paio de Oleiros - Portugal | Contact person: Miguel de Sousa | T. +351 227 475 600 | F. +351 227 475 601 | e-mail: msousa.ar@amorim.com
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