The Breton timber company confirmed last Friday the entry of the PGS Group in the capital of its holding to 34%. An operation that is performed in the form of a capital increase.
Last Friday, PGS and JOSSO formalized their engagement. By signing this agreement, the holding company of the group confirms that JOSSO opened its capital to 34% to the French leader in the wooden pallet, the PGS Group. For Claudine JOSSO, CEO of the eponymous group, this union is strategic: "the significant investments necessary to be competitive in our timber no longer allow us to stay as a family business. JOSSO and PGS, which share the same human values and passion for the French wooden material, will make common cause to establish an ambitious investment policy and development, mainly in Britain. "
"I am very pleased with this merger with this high reputation company, its unique family journey since 1910," says Jean-Louis LOUVEL, President and Founder of PGS Group. "Through this capital ties, we will not only help sustain the company by consolidating JOSSO but also give him the means of its ambitions as much as JOSSO is one of the few companies in our industry to have invested the past years. We will quickly develop new activities and new services in Britain, where proven and economically PGS intends to invest significantly region. Ur vrav has rannvro eo Breizh hag has zo da Harpin fet a-ha postadurioù krouiñ Postu tillage! (Brittany is a beautiful area to support in terms of investment and job creation!) "