Södra to acquire Bergvik Skog’s forest holding in Latvia
Södra is acquiring Bergvik Skog AB’s forest holding in Latvia. The total area is 111,100 hectares, of which 80,300 comprise forest land.“This investment will secure some of our need for forest raw material. It will improve the structure of our wood imports by complementing our members’ wood deliveries and strengthening Södra’s competitiveness,” said Lars Idermark, President and CEO of Södra. Södra already owns 15,000 hectares of forest land in Latvia, and this acquisition will substantially strengthen the company’s position. “The new holding is also a good capital investment as a base