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Companies in the timber industry / Daily News / Lumber / Sawmilling
November 16, 2016

Bergs Timber acquisition of Setra’s sawmills in Sweden ongoing

Bergs Timber acquisition of Setra’s sawmills in Sweden ongoing
Bergs Timber AB is continuing discussion of potential acquisition of sawmills in Vimmerby in Sweden with Setra. On September 14, 2016 the parties signed a declaration of intent regarding the sale of the sawmill in Sweden. Meantime, the parties jointly worked to develop a business plan for the integration of operations in Bergs Timber’s existing operations.    According to the announcement, the result of this work is positive and the parties consider the transaction remains interesting. The discussion is therefore entering a new phase with the aim to conduct due diligence and to agree on the ...

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