HS Timber Group Acquires Setra's Malå Såg in Sweden
The Austrian HS Timber Group has agreed to acquire 100% of Swedish wood processor Malå Såg AB from Setra Group AB.
The sawmill adds 340,000 m3 of annual sawn timber capacity to the Austrian group's portfolio in Northern Europe.
- The transaction is pending regulatory approval.
- HS Timber Group will take over all employees of the sawmill.
- The sawmill specializes in high-quality northern pine.
Malå Såg sources softwood logs from sustainably managed Swedish forests and sells its products globally.
The company plays a key role in the regional value chain by supplying materials to the pulp industry and local bio-energy producers.
Founded in 1946, Malå Såg will reach an annual production capacity of 340,000 m3 of kiln-dried and further processed sawn timber upon completion of its current investment program.
Author's summary: HS Timber Group expands its Northern European portfolio.
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