Holmen AB Acquires Martinsons in Cash for Shares Sale

Holmen AB, one of Sweden’s largest forestry companies, has announced that they have signed an agreement to acquire, for cash, Martinsons, one of Sweden’s leading sawn and processed wood products companies. The purchases will more than double Holmen’s sales and advance the company’s positions in wood construction, while at the same time provide Holmen with the capacity to process the majority of the raw material from its own forests in its own industry. Martinsons consists of two well-invested sawmills in northern Sweden with extensive processing of wood products for Scandinavian wood construction, as well as a project operation for construction of complete frames made of cross-laminated timber (CLT) and glulam beams for purposes such as offices, sports centers and apartment buildings. The deal is subject to approval from the relevant competition authority, which is expected in this fall.