SWEDEN (News release) -- The Mayr-Melnhof Holz Holding Group, based in Leoben, Austria, has signed an agreement to acquire the Swedish sawmill group Bergkvist Siljan from ESSVP IV, advised by Orlando Nordics AB. This continues the consistent expansion and growth strategy of the Austrian wood processing group. The closing is expected to take place during the 1Q 2022, subject to approval of the relevant competition authorities. It has been agreed not to disclose the purchase price.

Mayr-Melnhof Holz will grow with this acquisition its lumber production capacity by approximately 50 % to more than 2.7 million m3 of sawn timber per year.

The new sites Insjön, Mora and Blyberg, right in the middle of Sweden, complement the existing sawmills in Leoben (Austria), Paskov (Czech Republic) and Efimovskij (Russia) perfectly and create a starting point for the market entry of the Mayr-Melnhof Holz Group into Scandinavia.

Mayr-Melnhof Holz is one of the leading companies in the European sawmilling and engineered wood products industry. In 2022, for the first time in its 170-year history, the company will generate sales of over Euro 1 billion.