Kronospan, a leading manufacturer of wood-based products, announces the acquisition of ZG Timber’s Sebes plant from the Ziegler Group. The acquisition ensures the continuity of operations at the Sebes facility, safeguarding 500 local jobs following the insolvency of Ziegler Holding GmbH at the end of 2024. The acquisition agreement was signed on March 1, 2025, with the transaction expected to be finalized by mid-year, pending regulatory approvals.
The acquisition will help to protect numerous indirect jobs across suppliers, subcontractors, and companies associated with the sawmill’s activities.
As part of its strategy to enhance its product offerings, Kronospan will now incorporate sawn timber products into its global portfolio. As a new addition, sawn timber products will complement the company’s existing production of wood-based panels, including particleboard (PB), medium-density fiberboard (MDF), and oriented strand board (OSB) at its Romanian plants in Sebes and Brasov. Furthermore, Kronospan plans to invest in modernizing the Sebes sawmill to further enhance its production capabilities.
Kronospan is a leading manufacturer of wood-based panels and value-added wood products, with a presence in Romania since 1998. The company has invested over Euro 600 million in the country and currently operates two production plants in Brasov (OSB boards) and Sebes (PB and MDF boards), a logistics center in the Port of Constanta, and several wood collection and recycling centers across Romania.
