Timber industry research & analytics M&A 
Mondi announces agreement to sell Mondi Syktyvkar
September 18, 2023 ` 19:46
Mondi announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar to Sezar Invest LLC for a total cash consideration of RUB 80 billion (approximately €775 million...
Technonicol purchased a timber enterprise in Belarus
August 23, 2023 ` 11:35
Technonicol closed the deal on purchasing SWOODS Export, a subsidiary of VMG Group (Lithuania) in Borisov (Minsk Region), as reported by the corporation’s press office. The company is considering the possibility of implementing technologies for production of planed...
Russian Timber Journal 06-2023: interview with Vitaly Demidenko, Sales Director at Sveza; in 2022, Russian timber harvesting volumes dropped to the lowest level in the last 9 years; Russian timber exporters were able to reimburse up to 80% of their costs of product transportation via sea ports in the Northwestern Federal District; Federation Council suggested introducing prohibitive duties on furniture and paper from unfriendly countries; Essity has exited the Russian market; Luzales plans to open new plywood plant in the Omsk region; Russian plywood output increased in June 2023
August 16, 2023 ` 15:53
Russian Timber Journal 06-2023: Vitaly Demidenko, Sales Director at Sveza: “The period when the demand for birch plywood surpassed the supply in the available markets is over. The approach to sales changed too.”; According to the Rosleskhoz, in 2022, the...
Essity has exited the Russian market
July 19, 2023 ` 11:24
The hygiene and health company Essity has completed the divestment of its operations in Russia for a purchase price of approximately SEK 1.2 billion on a cash and debt-free basis. Essity has thus exited Russia. Essity began work...
VLP Group acquired Hasslacherles
May 25, 2023 ` 17:57
Group Vologodskiye Lesopromyshlenniki has closed the deal to acquire Hasslacherles LLC, as reports the press office of the company located in the town of Vologda. The enterprise is located in the Novgorod region and is engaged in the...
IG Bazalt acquired Sortavala Sawmill and Zapkarelles
May 25, 2023 ` 17:52
Investment Group Bazalt, which owns a pulp mill in the town of Pitkyaranta (RK-Grand LLC), closed a deal to acquire two assets in Karelia – Sortavala Sawmill LLC (a sawn timber enterprise) and Zapkarelles JSC (a timber harvesting...
