HS Timber Group to acquire Setra’s Malå Såg in Sweden

The Austrian HS Timber Group has agreed to acquire 100% of Swedish wood processor Malå Såg AB from Setra Group AB. The transaction, which is pending regulatory approval, will see HS Timber Group take over all employees of the sawmill, which specializes in high-quality northern pine. "A divestment of Malå sawmill is well in line with our business and construction strategy and is expected to contribute to Setra's opportunities to further strengthen our position in central Sweden," says Marcus Westdahl, CEO of Setra Group. Upon completion of its current investment program, the sawmill is set ...