Austrian Hasslacher Group announced that it will acquire a significant stake in Element5, a producer of cross-laminated timber and structural solutions catering to the North American market. Headquartered in St. Thomas, Ontario, Element5 specializes in the design, manufacturing, and assembly of contemporary engineered timber buildings. Recognized as an innovation driver in wood processing, the Hasslacher Group views this investment as a crucial stride to fortify and expand its presence in the North American market. As per the official press release, the Hasslacher Group will be the first European company to invest in the development and expansion of ...