HS Timber Group acquired 100% of the shares in the Finnish sawmill Luvian Saha Oy, whose products are known under the brand name "Luvia Wood". The company is located in Luvia, Finland. The parties have agreed not to disclose the purchase price.
With an annual production of about 300,000 m3 of sawn timber and about 120 employees, Luvian Saha Oy is an important employer in the region. At the Luvia plant, only coniferous roundwood from regional forest management units is cut and further processed. The sawmill is located close to Finnish ports for export. The high-quality products are marketed to customers in Europe, Asia and the Middle East.
The company's core competence is the production and further processing of sawn timber. For further processing, the company mainly uses wood from its own production. It produces high-quality finished and surface-treated products which will continue to be marketed under the "Luvia Wood" brand.
HS Timber Group, one of Europe's leading wood processing companies with export destinations in over 70 countries, is expanding its product portfolio with this acquisition.
