By acquiring Persson Invest's share in Gällö Timber, SCA strengthens its position as one of Sweden's leading producers of sawn timber. Before the transaction, SCA owns 50% of the capital in Gällö Timber AB. SCA acquires the remaining 50% from Persson Invest AB. The transaction will take place during the Q1 2024.
SCA and Persson Invest will continue to collaborate after the transaction, including by delivering sawn timber to Persson Invest's operations and purchasing raw forest materials from Persson Invest's forest holdings.
"By acquiring the remaining part of Gällö Timber AB, we further strengthen SCA's sawmill operation and continue the strong collaboration we have with Persson Invest. Through the investments we've made in Gällö together with Persson Invest, we have enhanced the operation's competitiveness and secured local jobs," says Ulf Larsson, CEO of SCA.
SCA and Persson Invest began their collaboration around Gällö Timber and the sawmill in Gällö, Jämtland in 2010. Since 2010, significant investments have been made in the sawmill to develop its operations and strengthen its competitiveness. Today, the sawmill has 115 employees and a capacity of 370,000 cubic meters of sawn timber.
SCA is Europe's largest private forest owner with 2.7 million hectares and, with its forest holdings at its core, has developed a well-invested industrial operation with sawmills, pulp mills, and manufacturing of packaging paper.
