HS Timber Group announces that it is selling HS Timber Productions Sebeș SRL to the German Ziegler Group as part of a share sale. The execution of the transaction is subject to customary regulatory approvals. The transaction is expected to be closed in the middle of the year following regulatory approvals. The purchase price was not disclosed. Ziegler Group takes over the whole existing experienced team in Sebeș.
For HS Timber Group, the purchase of Romanian logs has been limited by law to 30% of the annual harvest volume for each individual assortment since 2016. Due to the geopolitical situation, Ukraine, Russia, and Belarus are no longer suppliers of raw materials for Romania. Complex import regulations and rising logistics costs are making timber imports increasingly difficult.
With this sale, HS Timber Group is consolidating its long-term future in Romania and will subsequently be able to make better and more efficient use of the capacities of its existing mills.
HS Timber Group operates a sawmill, a blockboard plant and a post & beam production facility at other locations in Romania. Additional sawmills are located in Germany and Finland. With two further Greenfield projects, the Group is successfully continuing its global expansion.
The location in the centre of Romania is an ideal complement in the sawmill division of the Ziegler Group with the existing production sites in Germany and Sweden. In addition to high-quality raw materials, the location offers perfect conditions for the Group's purchasing and sales activities, due to its central location. Stefan Ziegler, managing director of Ziegler Group, is looking forward to the more than 650 new employees.
HS Timber Group is a traditional wood processing company with Austrian origin and strong roots in Central and Eastern Europe, especially in Romania. The company processes wood in Germany, Finland and Romania and supplies industrial customers all over the world.
The Ziegler Group has its roots in the northern Upper Palatinate. Since the company was founded in 1948, the core business of the group has been wood processing.
