This study also details market environment factors, evaluates company market share and profiles 40 global competitors such as Arclin, Formica, FRITZ EGGER
, Panolam and Wilsonart.
Austrian woodworking company Fritz Egger
GmbH is also said to be bidding for the plants.
Parent company Fritz Egger
GmbH looked at the possibility of keeping the Shildon plant open but a feasibility study found this was not a viable option because of the investment that would be needed.
In a short statement today the company said: "Egger (UK) Ltd, on behalf of parent company Fritz Egger
GmbH, has successfully negotiated with the receiver KPMG for the purchase of a substantial amount of the manufacturing assets of Masistar Limited (formerly Vertex Panel Products).