{"id":75707,"date":"2018-05-30T10:42:40","date_gmt":"2018-05-30T10:42:40","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/bergs-timber-meets-conditions-complete-acquisition-norvik-timber-industries-baltics\/"},"modified":"2025-09-19T08:48:08","modified_gmt":"2025-09-19T08:48:08","slug":"bergs-timber-meets-conditions-complete-acquisition-norvik-timber-industries-baltics","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/bergs-timber-meets-conditions-complete-acquisition-norvik-timber-industries-baltics\/","title":{"rendered":"Bergs Timber meets conditions for complete acquisition of Norvik Timber Industries in the Baltics"},"content":{"rendered":"<p><em>Bergs Timber\u00a0announces that all conditions for the company\u2019s\u00a0acquisition of Norvik\u2019s wood products in the Baltic countries and the UK\u00a0are met.<\/em><\/p>\n<p>The acquisition was mainly conditional on:<\/p>\n<ul>\n<li>resolution of the\u00a0Extraordinary General Meeting of shareholders<\/li>\n<li>final approval from the relevant banks for the acquisition and its financing.<\/li>\n<\/ul>\n<p>Through the acquisition Bergs Timber is expected to become a major player in the sawmill market, increasing sawmilling capacity from about 530,000 m\u00b3 per year to approximately 920,000 m\u00b3 per year.<\/p>\n<p>The acquisition is also expected to increase Bergs Timber\u2019s degree of processing and devote to limiting Berg\u2019s Timber\u2019s sensitivity to fluctuations in the business cycle.<\/p>\n<p>Through the target company\u2019s concentration to the Baltics, the new group\u2019s raw material base is broadened while risk spreading is due to the fact that parts of production are based on costs in euros.<br \/>\nPotential exists for coordination benefits in areas such as commodity procurement, distribution and sales.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bergs Timber\u00a0announces that all conditions for the company\u2019s\u00a0acquisition of Norvik\u2019s wood products in the Baltic countries and the UK\u00a0are met. The acquisition was mainly conditional on: resolution of the\u00a0Extraordinary General Meeting of shareholders final approval from the relevant banks for &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/bergs-timber-meets-conditions-complete-acquisition-norvik-timber-industries-baltics\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713],"tags":[3629,3486,3569,3600,3415,3429],"class_list":["post-75707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","tag-bergs-timber","tag-estonia","tag-latvia","tag-norvik-timber","tag-uk","tag-wood-products","topic-forestry","topic-sawmilling","area-europe"],"acf":[],"yoast_head":"<!-- This site is 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