Bergs Timber acquires a company with wood pellet production located in Fågelfors, Sweden
Bergs Timber AB (publ) has of today signed an agreement with AB Fogelfors Bruk to acquire all shares in Fågelfors Hyvleri AB. The agreement is based on the letter of intent published on May 8, 2019. The acquisition was completed and the shares in Fågelfors Hyvleri were taken over in conjunction with the signing of the agreement. Of the total purchase price, SEK 48 million, SEK 18 million is paid in newly issued shares in Bergs Timber.The acquired business mainly consists of a completely new plant for the production of wood pellets with a capacity of 100,000 tones per year. In addition,