Holmen acquires Långvind forest holding
Holmen has entered into an agreement to purchase a large contiguous forest holding in Hälsingland, central Sweden, comprising 5 700 hectares of productive forest land for SEK 285 million. The property is 30 km from Holmen’s sawmill and paperboard mill in Iggesund and complements the company’s forest holdings in the region.
“We’re delighted to have the opportunity to acquire a large well-managed forest holding. Having sold a number of forest holdings, including a large property in Jämtland, today’s acquisition is a natural step in our strategy to increase forest holdings next to our production facilities,” said Henrik Sjölund, Holmen President and CEO.
Långvind is located along the coast between Hudiksvall and Söderhamn, and comprises a total area of 6 900 hectares, 5 700 of which is productive forest land. The volume of standing timber is just over 700 000 m3 growing stock, solid over bark.
“We’re pleased to be selling to a long-term, stable owner like Holmen. We have a long-standing relationship and I believe Holmen will continue to manage the forest responsibly,” said Magnus Tottie, one of the sellers of Långvind.
“We have been operating in Hälsingland for a long time and we'll continue to process the raw material locally, and we will continue close cooperation and dialogue with the local community," said Thomas Bouvin, Head of Region Mitt at Holmen Skog.
The acquisition requires Holmen to be granted acquisition authorisation, which is expected to be received during the autumn.
For further information, please contact:
Hakim Belarbi, PR and Public Affairs Manager, Holmen, tel. +46 70 482 44 87
Holmen’s business concept is to own and add value to the forest. The forest holdings form the basis of the business – an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. The forest is managed to provide a good annual return and stable value growth while our production operations are run with a focus on profitability and greater value added. In 2017 Holmen’s net sales were just over SEK 16 billion and the group has approx. 3 000 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit holmen.com.