Karl Hedin has sold his majority stake in a sawmill located in southeastern Estonia, near the town of Võru. The new owner is Combiwood Group, an Estonian wood industry conglomerate that operates several production facilities across the country. “We are pleased to have found a new owner in Combiwood. Their way of working fits well with Toftan’s culture and operations. With this acquisition, Combiwood gains access to one of Estonia’s most modern sawmills, which provides a strong foundation for continued development. Together, the companies will be able to strengthen their customer offering and continue to ...