Södra sold SIWood, a subsidiary of the Södra Group that produces MDF products for walls and ceilings, architrave, window sills and window reveals, to Soernsen Group. The transfer will take place on July 1, 2017.
SIWood is located in Lithuania. It has annual production of 1 million m2 and its largest markets are the building materials trade in Sweden and Norway. Some 60 people are employed at the facility.
Jörgen Lindquist, Business Area President of Södra Wood, commented:
“On January 1st this year, we transferred Södra Wood Grimslöv to Soernsen Group and have since deepened our cooperation with the company. Today, Soernsen Group is one of our main suppliers, and its acquisition of SIWood will further strengthen our collaboration. With the takeover of SIWood, Soernsen will gain a competitive production model, resulting in greater delivery reliability and improved flexibility for us as a customer.“
About Soernsen Group:
The company has several production sites in Germany and Estonia. The company produces a broad range of mouldings; its standard range contains more than 3,000 items in various types of wood and it delivers to countries worldwide. It has sales of EUR 70 million and 350 employees.
Södra is the economic association that unites more than 50,000 forest owners in southern Sweden. The Group’s three business areas are production of sawn and planed timber goods, interior products, paper pulp and biofuel. In recent years Södra has also become such a large producer of electricity. It employs 3,500 people in areas that range from forestry management and environmental conservation to accounting, sales and product development.