Austrian Mayr Melnhof takes over two locations of the Hüttemann Group in Germany

The Mayr Melnhof Group, headquartered in Leoben (Austria), will take over the two locations of the Hüttemann Group in Olsberg (North Rhine-Westphalia) and Wismar (Mecklenburg-Vorpommern) in Germany. The transaction is subject to antitrust approval, and is expected to close after Easter in early April. The financial details were not disclosed. 

With the takeover, the Mayr-Melnhof Holz Group intends to further expand its strategic position in the laminated timber product sector. 

“The laminated wood sector of the Mayr-Melnhof Group and the portfolio of the Hüttemann Group complement each other both in terms of product range and geography,” says Richard Stralz, CEO of Mayr-Melnhof Holz Holding AG.

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