Setra sells the unit in Skutskär, Sweden, to Valbo Trä, as the company said in the press release received by Lesprom Network.
Setra has invested in new plants for the production of planed components and crosslam elements in Hasselfors and Langshyttan, Sweden. The products manufactured at Skutskär do not support this strategic focus and the business has therefore been sold to Valbo Trä.
“We’ve chosen to focus on the construction and design solutions segment, and in order the excel in this field, we need to streamline our operations. I’m pleased we have found a new owner who can take over and continue to run and develop the business in Skutskär,” says Setra’s CEO Hannele Arvonen.
Setra is one of Sweden’s largest wood products companies.