After the acquisition, Mayr-Melnhof Holz will grow its lumber production capacity by about 50 percent to more than 2.7 million m3 of sawn timber annually.
February 22, 2022
Austria-headquartered Mayr-Melnhof Holz has got the necessary approval from the competition authorities regarding the acquisition of the Swedish sawmill Group Bergkvist Siljan. The deal is expected to finalise during the first quarter of 2022.
The new sites in Insjön, Mora, and Blyberg, which are all in central Sweden, perfectly complement the existing sawmill sites in Leoben in Austria, Paskov in the Czech Republic, and Efimovskij in Russia. Further, this also moves Mayr-Melnhof Holz, with around 5 million m3 of log processing capacity, up to be the third-largest European sawmill.
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With the acquisition, the group now expects for the first time in its 170-year long history, a turnover to surpass EUR 1 billion in the 2022 financial year.
Bergkvist Siljan has an annual production capacity of about 850,000 m3 of spruce and pine sawn timber. The company has three sawmill sites and one of the largest container terminals in Sweden.
Speaking about the acquisition, Richard Stralz, CEO of the Mayr-Melnhof Holz Holding AG, remarks, “The Mayr-Melnhof Holz Group and Bergkvist Siljan make a perfect fit. Both have comparable roots, both are family businesses with a long tradition exceeding 100 years and both are committed to sustainability. We are looking forward to rewarding cooperation and the mutual exchange of experiences.”
Post-acquisition, Mayr-Melnhof Holz, being one of the leading companies in the European sawmilling and engineered wood products industry, will grow its lumber production capacity by about 50 percent to more than 2.7 million m3 of sawn timber annually.