Holmen has entered into an agreement to purchase a large contiguous forest holding in Hälsingland, central Sweden, comprising 5,700 hectares of productive forest land for SEK 285 million ($32 million). The property is 30 km from Holmen’s sawmill and paperboard mill in Iggesund and complements the company’s forest holdings in the region.
“We’re delighted to have the opportunity to acquire a large well-managed forest holding. Having sold a number of forest holdings, including a large property in Jämtland, today’s acquisition is a natural step in our strategy to increase forest holdings next to our production facilities,” said Henrik Sjölund, Holmen President and CEO.
Långvind is located along the coast between Hudiksvall and Söderhamn, and comprises a total area of 6,900 hectares, 5,700 of which is productive forest land. The volume of standing timber is just over 700,000 cubic metres growing stock, solid over bark.
The acquisition requires Holmen to be granted acquisition authorisation, which is expected to be received during the autumn.
