Hasslacher Group has acquired a 40% stake in Egoin Wood Group.
Based in Spain, Egoin Wood Group is an international timber industry company with sites in Ea (Biscay) and Legutio (Araba) and has an experienced team of over 30 engineers who work with leading architects, developers and contractors in the design of timber construction solutions. Egoin Wood Group currently employs around 160 people in total and, once the new cross laminated timber plant in Legutio is up and running, the Basque timber industry company will employ over 200 people.
Egoin Wood Group currently has a total production capacity of 22,000 m3 (14,000 m3 cross laminated timber, 8,000 m3 glulam), which is expected to double to up to 52,000 m3 when the third cross laminated timber plant in Legutio comes on stream in mid-2023.
“The Hasslacher Group’s 40% holding represents an important strategic step for the Egoin Wood Group to strengthen its position in the field of industrial timber construction and timber engineering in Spain and the international markets,” says Unai Agirre, CEO of Egoin Wood Group. “This partnership is an ideal synergy and enables the exchange of know-how and optimization ranging from forest management through the production of high-quality system solutions for modern timber construction to renewable energy solutions such as biomass and photovoltaic systems.”
Hasslacher Group is one of the world’s leading producers of glulam and Cross Laminated Timber (CLT).
