Holmen to acquire Martinsons

Holmen signed an agreement to acquire Martinsons, one of Sweden’s leading players in sawn and processed wood products. The purchase price is SEK 1.0 billion (EUR 96.6 million) for 100 per cent of the shares. The acquisition will almost double Holmen’s sales of wood products to over SEK 3 billion…

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Norra Skog to close Östavall sawmill

On Friday 10 July, the last log at the Östavall sawmill in Ånge municipality has been sawn. The sawmill has been part of the forest owners’ association Norrskog since the 1980s and is today run by Norra Skog, which was formed during the spring through a merger between Norrskog and Norra…

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UFPI to acquire T&R Lumber Company in California

UFP Industries announced that one of its affiliates acquired the operating assets of T&R Lumber Company and its affiliates, Sullivan & Mann and Kelmar Creations. Based in Rancho Cucamonga, California, T&R manufactures and distributes a range of products used primarily by nurseries, including plastic growing containers, pots and trays; wooden stakes;…

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Ghana: Wood products exports down 33%

The volume of wood products exported by Ghana during the first quarter of 2020 totalled 54,022 cu.m earning Euro 26.58 million. Compared to the 2019 figure of 80,139 cu.m (Euro 41.76 million), the volume and value of exports were down by a third in the first quarter of 2020. Which…

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IFMAC 2020 rescheduled for 2021

Indonesia’s largest trade exhibition for the furniture production industry, The International Furniture Manufacturing Components Exhibition and Woodworking Machinery Exhibition (IFMAC & WOODMAC), organized by PT Wahana Kemalaniaga Makmur (WAKENI) is being  rescheduled to 14 to 17 October 2020 at Jakarta International Expo, Kemayoran.  Earlier planned for the 23 to 26 September 2020 at…

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