AssiDomän sells Swedish gluelam plant to Norrfog

AssiDomän sells Swedish gluelam plant to Norrfog AssiDomän has reached agreement with Norrfog AB on the sale of the gluelam plant in Malå, Sweden. The sale, which takes place on 15 October 2001, is part of the ongoing restructuring in AssiDomän. The deal covers the gluelam operations in Malå, although Malåbrädan is not included. AssiDomän will retain the Malåbrädan brand and will continue marketing and selling the product. It will however be manufactured by Norrfog AB. The operations acquired by Norrfog AB generate sales of around SEK 55 million, and provide employment for a workforce of 40. Following the sale, AssiDomän Interior AB will have a turnover of some SEK 210 million and a workforce of 80. Norrfog's core activities consist of the manufacture of gluelams, components and sawmill operations. The company's head office is located in Malå. Following the takeover of the gluelam plant in Malå, Norrfog's sales total around SEK 100 million and the company has 90 employees. AssiDomän AB Corporate Communications 9 October 2001 For further information: Lars Eriksson, MD Norrfog AB, tel +46 - 953 10307, +46 - 70 66 95 450, Anders Nilsson, MD AssiDomän Timber, tel +46 - 8 655 91 00, +46 - 70 574 19 17. AssiDomän's operations are focused on the ownership, management and utilisation of forest assets amounting to 2.4 million hectares of productive timberland. The Group includes sawmill operations and the board mill in Frövi, Sweden. Around 2,000 personnel are employed and sales amount to SEK 7,200 million. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/09/20011009BIT00700/bit0001.doc http://www.waymaker.net/bitonline/2001/10/09/20011009BIT00700/bit0001.pdf