Rottneros acquires Nykvist Skogs AB. The deal means that Rottneros will increase the long-term availability of forest raw materials offered by private forest owners, while Nykvist Skogs will continue to develop as an autonomous and independent raw material operator.
Nykvist Skogs acts as a comprehensive and independent forest operator in Värmland, including wood trade, forest management, felling and consultancy. The company supplies the local pulp and sawmill industry with raw material and reported sales of around SEK 90 million ($9.4 million) during the financial year 2018-2019, an increase of some 37% compared to the previous year. During the same period, operations handled 140,000 cubic meters of wood, of which sawn timber and pulpwood accounted for about half each. Nykvist Skogs manages about 5,000 hectares of forest for its clients and has nine employees.
The company will be consolidated in Rottneros’ accounts as of January 1, 2020. However, it will not have a material impact on the Group's sales and earnings. The parties have decided not to disclose the purchase price.
The sellers of Nykvist Skogs are Pär Skinnargård and Sven Nykvist. Nykvist Skogs’ CEO, Pär Skinnargård, will continue to lead the business and all employees are intended to remain in the company.
Rottneros is an independent producer of market pulp.
