Binderholz Group has reached a binding agreement with The Carlyle Group to acquire the German sawmill and timber processing company Klenk Holz AG, based in Oberrot, Germany. The transaction is expected to be concluded at the start of November 2017, a conclusion dependent on the agreement of the competition authorities.

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Binderholz Group acquires Klenk Holz AG in Germany

Binderholz Group has reached a binding agreement with The Carlyle Group to acquire the German sawmill and timber processing company Klenk Holz AG, based in Oberrot, Germany. The transaction is expected to be concluded at the start of November 2017, a conclusion dependent on the agreement of the competition authorities, as the company says in the press release received by Lesprom Network.

It is envisaged that the 3 Klenk sites will be expanded, with investment planned in the near future. The purchase ensures the constantly growing demand for lumber for the Binderholz Group’s finishing and processing sites. TTW Waldpflege, a forestry maintenance company, guarantees the reliable basic supply to the central European sawmills.

With this acquisition, the Binderholz Group is now one of the largest producers of lumber in Europe.

Klenk Holz produces lumber, solid wood panels, softwood lumber, multi-purpose panels, garden wood, solid construction timber, moulded pallet blocks, moulded wood pallets and waste timber.