M&A

The Boards of James Donaldson & Sons (JDS) Ltd and Kitchens International Ltd announce that, following its acquisition, Kitchens International Ltd, has become the latest addition to the JDS brand portfolio.

Valmet has entered into agreements to acquire EWK Umwelttechnik GmbH, a German company manufacturing and supplying air emission control systems and after-installation services, and ECP Group, a Finnish manufacturer and maintainer of air emission control systems.

Reno De Medici S.p.A. has signed an irrevocable commitment to acquire 100% of the share capital of Fineska B.V., the Dutch holding company of Eska Group. The seller, Andes C.V. is a vehicle controlled by the US investment firm Andlinger & Co.

AFRY has acquired MosaicMill Oy, a leading, Finland-based company that applies drone and satellite image data for forest inventory services. The company will be consolidated into AFRY from June 2021.

Doman Building Materials Group Ltd. has acquired Texas-based Hixson Lumber Sales. The Company acquired all of the assets of the Hixson Lumber Sales group of companies for approximately $375 million in cash, including inventory. Hixson is being acquired on a cash-free and debt-free basis, and the transaction is being fu...

AFRY has acquired Simosol Oy, a Finland-based company that specialises in advanced simulation and optimisation solutions for forest and agricultural assets. Simosol Oy will be consolidated into AFRY from June 2021.

BSW acquires Bayram Timber Ltd. Bayram will be integrated with BSW Timber Solutions Ltd and will continue to operate from the existing site in Melton. Bayram processes 120,000m3 of machined and further refined timber annually, with the support of 160 colleagues.

US LBM has reached a definitive agreement to acquire J.P Hart Lumber and Hart Components, a building products distributor and manufacturer with eight operating locations across Texas. The transaction is expected to close during the 3Q 2021, subject to customary closing conditions.

Business group Partnera Oyj has signed an agreement to acquire a majority share in the KPA Unicon Group. The acquisition will make Oulu-based Partnera the majority shareholder (70%) of KPA Unicon Group. The Kovanen family’s company Prounicon Oy will continue as the Group’s minority shareholder (30%).

Interfor Corporation has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC to acquire four of its sawmill operations located in Bay Springs, Mississippi; Fayette, Alabama; DeQuincy, Louisiana and Philomath, Oregon. The total purchase price of $375 million, which includes working capit...

Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. The enterprise value of the transaction is Euro 35 million, subject to customary purchase price adjustments. All 230 employees at Sachsen Mill will move to Model Group with t...

US LBM has reached an agreement to acquire American Construction Source, a leading national building materials distribution platform for custom home builders and repair and remodel contractors. Financial terms of the private transaction were not disclosed.

Irish sawmiller Glennon Brothers has entered into an agreement with SHV Energy to purchase Balcas Ltd, subject to approval from the Competition and Markets Authority in the UK and Competition and Consumer Protection Commission in Ireland.

Unilin Group, through its division Unilin Flooring, has come to an agreement with the Austrian supplier of timber and wood-based materials JAF Group to acquire an important part of its production site in Braşov, Romania. The deal includes land, buildings and industrial assets. Over 100 employees will transfer to Unilin...