Bergs Timber AB acquired 100% of the shares in Pinus, Polish windows and doors manufacturer. The sellers is the founders of the company, they will remain in the company for a transitional period. In 2021, Pinus had sales of approximately SEK 80 million (EUR 7.4 million) in 2021. The purchase price for the shares amounts to approximately SEK 36 million (EUR 3.3 million) and is paid in cash via Berg's existing cash and credit facilities. “Pinus fits in well with Bergs, both operationally and strategically. Our determined investment in high-quality windows and ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!