Profura Repurchases Two Zeigler Sawmills in Sweden

Sweden’s Profura has repurchased Green Wood Sverige AB, with its two sawmill subsidiaries Bäckebrons Sagverk AB and Balungstrands Sagverk AB, from the Zeigler Group, law firm Taylor Wessing announced (3-5-25).

The Swedish sawmills were not among the 27 Ziegler companies that filed for insolvency after the Ziegler Group’s collapse, which has seen 27 of its 45 companies enter insolvency since late November. The Ziegler Group had only acquired the two sawmills from Profura in 2022.

Green Wood Sverige AB and its subsidiaries employ a total of around 85 people at their two sites in Bäckebrons and Balungstrands. Profura says it will continue to operate both sites and will retain all employees.

The sale is subject to approval by the Swedish authorities.