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March 6, 2025

Swedish industrialist Karl Hedin plans to sell his multi-million euro wood industry empire

Karl Hedin, a prominent figure in the Swedish sawmill and building materials industry, has decided to sell large parts of his business empire. Svenska Handelsbanken has been tasked with finding buyers for the company’s sawmill operations, building materials trade, and packaging industry. The building materials trade is a significant part of AB Karl Hedin’s operations, with more than 50 locations across Sweden and an annual turnover of just over SEK 3 billion (approx. EUR 270 million). The sawmills, another core division, generate SEK 1 billion (approx. EUR 90 million) in annual turnover, according to the company’s ...

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