Sweden's Vida strengthens position in Dutch market with acquisition of 100,000 m3/year family sawmilling business Harry Nilsson

ALVESTA, Sweden , April 8, 2011 (press release) – VIDA acquires Harry Nilsson AB (HN AB) in Hästveda och and will thereby strengthen its position on the Dutch market.

Harry Nilsson AB is a family owned sawmill which has been in its possession since the 40´s when the sawmill was founded. The sawmill is since 1985 run by the son Jörgen Nilsson. The sawmill produces approx. 100.000 m3 per year and has a turnover of 175 million sek and approx 40 employees.

The sawmill has a high level of refinement and produces mainly structural timber for the Dutch market.

HN AB is also a partowner of Skånetimmer which is a timber- and bioenergy company with 15 employees. Skånetimmer suplies HN AB with rawmaterial to 90 %.

- We se the acquisition as a possibility to strengthen us further more on the Dutch market at the same time as HN ABs assortment serves as a complement to ours. The sawmill is very well invested and the management and personnel has a very good sawmill culture which is very positive, says Santhe Dahl, CEO of the VIDA group.

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