The board of directors of Elof Hansson AB has decided to reorganize the company with a clearer group structure that better meets current and future market conditions. The new organization will take effect January 1, 2011. Under a new holding company, Elof Hansson Holding, Elof Hansson will be split into three new business areas: Elof Hansson Trade, Elof Hansson Industry and Elof Hansson Properties.
• Elof Hansson Trade will be concentrated the company’s international trade in pulp, paper and timber products.
• To Elof Hansson Industry will be concentrated the company’s international sales of machinery and equipment for the pulp and paper industry. Also included are REC Indovent, Gothenburg, which sells ventilation and industrial products in the Nordic region and Baltic states; the building materials group Elof Hansson Bygg-Gross, Gothenburg; and the Adexi Group, Århus and Gothenburg, which mainly sells a wide range of household goods on Nordic markets.
• The primary task of Elof Hansson Properties will be to manage and further develop Elof Hansson’s properties.