The sale of the HS Timber Productions Sebes SRL site to the German Ziegler Group, announced on 18 April, has been approved by the relevant authorities. With the closing of the transaction yesterday, the sale of shares has been successfully completed. The parties have agreed not to disclose the purchase price. The Ziegler Group will also take over the existing experienced team in Sebes, Romania.
The sawmill in Sebes was the first production site of the HS Timber Group in Romania.
HS Timber Group still operates a sawmill and a blockboard plant as well as a post & beams production at other locations in Romania. Other sawmill sites are located in Germany and Finland. With further sites under construction, the group is successfully continuing its global expansion.
The location in the centre of Romania is an ideal addition to the Ziegler Group's sawmill division with its existing production facilities in Germany and Sweden. In addition to high-quality raw materials, the sawmill operation, which will operate under the name ZG Timber Sebes SRL in the future, offers optimal conditions for the group's purchasing and sales activities, especially due to its central location.
HS Timber Group is a traditional wood processing company with Austrian roots and strong roots in Central and Eastern Europe. The company processes timber in Germany, Finland and Romania and supplies industrial customers all over the world.
