Companies in the timber industry / Daily News / Global Trends / Wood pellets / Wood Products / Europe / Global
June 28, 2019
Bergs Timber to acquire wood pellet plant in Sweden
Bergs Timber AB has signed an agreement with AB Fogelfors Bruk to acquire all shares in Fågelfors Hyvleri AB, Sweden. The agreement is based on the letter of intent published on May 8, 2019. The acquisition was completed and the shares in Fågelfors Hyvleri were taken over in conjunction with the signing of the agreement. Of the total purchase price, SEK 48 million ($5.2 million), SEK 18 million ($1.9 million) is paid in newly issued shares in Bergs Timber. The acquired business mainly consists of a completely new ...
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