As announced on 17 June 2020, Bergs has entered into an agreement with Vida Aktiebolag on the sale of Bergs' Swedish sawmill business. Today, September 1, 2020, Bergs has completed the sale to Vida Aktiebolag. The transaction encompasses the sawmills in Orrefors, Vimmerby, Mörlunda and the assets at the discontinued operation at Gransjö sawmill.
The purchase price amounts to SEK 390 million and the transaction is now completed in accordance with previously communicated terms after approval has been obtained from the Swedish Competition Authority.
In connection with the transaction, Jan Liljegren is leaving the Group Management in Bergs to take up a position at Vida. Group management then consists of Peter Nilsson, President and CEO, and Anders Marklund, CFO. Furthermore, the employee representatives on the board will leave when they transfer to employment at Vida.
Contact
Further information about this press release can be provided by Bergs Timber's President and CEO Peter Nilsson, +46 070-315 09 27.
ABOUT BERGS
With wood as a raw material, Bergs produces processed wood products from sustainably managed forests in the Baltic Sea region. With years of experience in wood and a great deal of competence in processing, we promote building a sustainable society with renewable materials.
Our operations - conducted through wholly owned subsidiaries in Sweden, Estonia, Latvia and the UK - encompass sawmills and processing as well as distribution and logistics.
The Group has sales of approximately SEK 2 billion and around 850 employees. Bergs is listed on Nasdaq Stockholm, and its head office is in Vimmerby, Sweden.
www.bergstimber.com
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