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July 6, 2022

Bergs Timber to acquire Polish windows and doors manufacturer Pinus

Bergs Timber AB acquired 100% of the shares in Pinus, Polish windows and doors manufacturer. The sellers is the founders of the company, they will remain in the company for a transitional period. In 2021, Pinus had sales of approximately SEK 80 million (EUR 7.4 million) in 2021. The purchase price for the shares amounts to approximately SEK 36 million (EUR 3.3 million) and is paid in cash via Berg's existing cash and credit facilities.  “Pinus fits in well with Bergs, both operationally and strategically. Our determined investment in high-quality windows and doors continues ...

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