Holmen acquires Martinsons

Holmen signed an agreement to acquire Martinsons, one of Sweden’s leading players in sawn and processed wood products. The purchase price is SEK 1.0 billion ($110 million) for 100 per cent of the shares. The acquisition will almost double Holmen’s sales of wood products to over SEK 3 billion ($330 million), while also advancing positions in wood construction and providing Holmen with the capacity to process the majority of the raw material from its own forests in its own industry.