The Binderholz Group has reached an agreement to take over BSW Timber Ltd., the U.K.’s largest forestry and sawmill company. An agreement with Endless LLP., the largest shareholder, to acquire their shares has been reached. The transaction is subject to the approval of both the Austrian Federal Competition Authority and the British Financial Conduct Authority, and the transaction is expected to be completed prior to year’s end.
The brand name BSW will be retained after integration into the Binderholz Group, and the current management will continue to lead the company.
When the acquisition of BSW is complete, Binderholz Group will become the largest sawmill and solid wood processing company in Europe, having nearly 5,000 employees working at 29 locations in Austria, Germany, Great Britain, Latvia, Finland, and the US.
This step strengthens Binderholz positioning in the growing British market which is characterized by high demand for sawn timber, solid wood, timber construction, and DIY products. The Green Economy ideal is being actively lived in Great Britain, which has been reflected in the constant growth rates in CO2-neutral timber construction over the years.
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Binderholz to take over BSW Timber