The agreement involves the delivery of wood flooring to JM's new construction of apartments and single-family homes in Sweden and Norway over four years.

"We are very pleased to enter this new partnership with JM, which, for Kährs Group means increased presence in the new construction market in Norway, while strengthening our leading position in this segment on the Swedish market," said Christer Persson, president and CEO of Kährs Group.

JM is one of the Nordic region’s leading developers of housing and residential areas with a focus on new production of homes in attractive locations, with the emphasis on expanding in metropolitan areas and university towns in Sweden, Norway and Finland.

Deliveries under the new agreement will start during the first quarter of 2017.