Acquisitions from Uniwood: Södra’s statement of intent for Denmark
Södra has acquired the remaining shares in Södra Timber A/S and Södra Wood Project from the Danish company Uniwood. The former joint-owned companies are now wholly owned by Södra. But what will this mean? Here’s a four-point summary:
- The aim of the acquisition for Södra to move even closer to its customers in Denmark.
- The move will enable Södra to develop its offering in sawn timber, energy products and special-purpose projects for both the Swedish and Danish markets.
- It also consolidates Södra’s position as a knowledge leader in the fast-developing sector of fire-retardant-treated cladding panels – a specialist area for Södra Timber A/S which will now come under the umbrella of Södra Building Systems.
- Uniwood’s former joint owners, Frank Lund Larsen and Jan Hansen, will continue to lead and develop the company in Denmark, together with the employees in Hilleröd. Södra Wood Project AB and its employees in Karlstad, Sweden, will become part of Södra’s Swedish organisation.
Demand for special-purpose and project-specific solutions in wood has been high in recent years and remains so, according to Jörgen Lindquist, President of the Södra Wood business area. “These operations will therefore complement our new market offering for solid wood cladding systems, and our standard offering for the building trade,” he said.
News
Published: