Hannes Snellman advised Vida AB on the deal.
Vida, the global supplier of manufactured products from sustainable Swedish forests, has signed an agreement to acquire the Swedish sawmill business of Bergs Timber, a listed Sweden-based company which produces and sells sawn and processed timber products. The acquisition included Bergs Timber’s sawmills located in Vimmerby, Mörlunda, Orrefors, and Gransjö. The total purchase consideration for the operations, including the working capital involved, is estimated at approximately SEK 400 million, of which SEK 303 million pertains to fixed assets. Vida is a subsidiary of Canfor Corporation, whose shares are traded on the Toronto Stock Exchange.
With wood as a raw material, Bergs produces processed wood products from sustainably managed forests in the Baltic Sea region. With years of experience in wood and a great deal of competence in processing, we promote building a sustainable society with renewable materials.
Vida is a global supplier of manufactured products from sustainable Swedish forests.
Hannes Snellman’s team included Mikael Klang (Picture), Johanna Wärnberg, Nicole Jerad, Douglas Essehorn, Jenny Lundberg, and Josephine Lindgre, Peter Forsberg, David Olander and Mattias Friberg.
Involved fees earner: Douglas Essehorn – Hannes Snellman; Peter Forsberg – Hannes Snellman; Mattias Friberg – Hannes Snellman; Nicole Jerad – Hannes Snellman; Mikael Klang – Hannes Snellman; Josephine Lindgren – Hannes Snellman; Jenny Lundberg – Hannes Snellman; David Olander – Hannes Snellman; Johanna Wärnberg – Hannes Snellman;
Law Firms: Hannes Snellman;
Clients: Vida AB;