Södra to divest Trivselhus to Svensk Husproduktion
Södra is divesting Trivselhus AB to housing supplier Svensk Husproduktion. The takeover date is 1 March 2021.
Södra’s subsidiary, Trivselhus, is one of the largest house manufacturers in Sweden and sells housing under the Trivselhus brand, and Nordic Ecolabelled houses under the Movehome brand.
“The decision is based on Södra’s strategic direction to focus more on our core business: forest products and services, market pulp and sawn timber, as well as energy and further processing of products and residue flows,” said Peter Karlsson, Chairman of Trivselhus.
Svensk Husproduktion will acquire all of the shares in Trivselhus AB.
“We are convinced that this divestment will be positive for both parties. With another owner, there will be good opportunities to further develop the operations and to strengthen the company’s competitiveness in the housing market,” said Peter Karlsson.
For more information, please contact:
Peter Karlsson, Chairman of Trivselhus and CFO of Södra
Tel: +46 (0)470-890 28
Tel: +46 (0)470-890 90
Founded in 1938, Södra is Sweden’s largest forest-owner association, with 53,000 forest owners as its members. We conduct modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. In 2019, net sales amounted to SEK 23 billion and employees totalled 3,100. Through value-generating relationships and a long-term approach, Södra shows the way for the next generation of forestry.