Schweiter Technologies is entering into a long-term alliance in Ecuador with Columbia Forest Products, as the company says in the press release received by Lesprom Network.
As part of this alliance, 3A Composites in Ecuador will take on various tasks in the field of plantation management, purchasing and logistics for Columbia Forest Products. In return, Columbia acquires a company for a low double-digit million sales price, which primarily comprises a wood processing line for the production of hardwood veneers. The entire transaction results in a minor book gain.
Columbia Forest Products is North America’s largest manufacturer of hardwood plywood and hardwood veneer products
Schweiter Technologies is a traditional Swiss group focusing on composites solutions with its division 3A Composites.
3A Composites is the global market leader in core materials for sandwich constructions, particularly for use in wind farms.
