Moelven acquires Vänerply
(Thomson Reuters ONE) -
The Moelven Group has signed an agreement for the acquisition of Vänerply. The
acquisition of Vänerply means that an important product for Moelven board
materials will now also be produced in-house.
Vänerply's geographical location is favourable for Moelven and will be an
excellent addition to the group's production and Moelven's extensive
distribution of board materials produced by our collaboration partners. As a
part of the Moelven Group, Vänerply will become part of a more extensive
industrial network which will contribute to synergies in areas including raw
materials purchasing, distribution and marketing.
Scandinavia's only producer of plywood
Vänerply is located in Otterbäcken and produces plywood from spruce and pine.
The company has the capacity to produce approximately 90,000 m3 or approximately
6 million m2 of plywood per year. In 2010, the company had a revenue of SEK 299
million, with approximately 160 employees. The most important market is Northern
Europe with particular focus on Scandinavia.
Positive for both Moelven and Vänerply
Mikael Axelsson, CEO of Moelven Wood AB, is delighted with the decision:
- We are acquiring Vänerply to become an even better supplier and collaboration
partner for our customers. Vänerply is a strong brand, its products are good and
geographically it is favourably placed for Moelven's existing distribution
concept for wood-based products for trade and industry.
- Our current revenue from the Swedish market amounts to approximately SEK 800
million, and of this more than SEK 300 million is accounted for by board
products. Approximately SEK 140 million of this figure can be attributed to
plywood, and operations are growing. The acquisition of Vänerply means that an
important product for Moelven in terms of volume can now be partially produced
in-house. However, I would also like to stress that we will be continuing to
serve the market with materials purchased from others, in exactly the same way
as we have done up until now, says Axelsson.
CEO Leo Persson at Vänerply also sees the acquisition of Vänerply by Moelven as
a positive step:
- Moelven is an important player on the Scandinavian market and will be a strong
and enduring owner. I am convinced that our products and our knowledge will fit
in well with Moelven's other operations. This will provide Vänerply with
numerous synergistic benefits which will contribute to strong and longterm
development. I am primarily thinking of the raw materials situation and the
market for plywood here, both in the short and long term, says Persson.
Strengthens distribution
Moelven Wood AB supplies a wide range of wood-based products for trade and
industry. An effective distribution system with a wide selection of products,
both produced in-house and purchased, in the same system are important to be
able to provide customers with a good service.
- Vänerply is in an ideal strategic location, close to our other operations and
mid-way between the two distribution centres in Valåsen-Karlskoga and Lovene-
Töreboda. We have no experience of plywood production, but they do at Vänerply.
With their quality products and our distribution system and extensive product
range, it is a win-win situation for all concerned, says Axelsson.
Will develop the company
- We are acquiring Vänerply to operate our business with foresight and
profitability. We do not intend to substantially increase the volume produced
with Vänerply, but will still develop the company's competitiveness through
efficiency improvements. Vänerply is an organisation with vast knowledge and
strong commitment, which we look forward to developing together with its
employees. I believe that in partnership we can succeed in creating something
excellent, concludes Axelsson.
Takeover
The date for the takeover has yet to be determined. An application has been
submitted to the Norwegian competition authorities, and one condition for the
conclusion of the acquisition is that the authorities give the green light for
the takeover. Vänerply will become part of the Moelven Group as soon as this
occurs.
For further information:
Mikael Axelsson, CEO Moelven Wood AB, +46 (0)7 05 71 39 49
Leo Persson, CEO Vänerply AB, +46 (0)7 08 22 55 38
Bjarne Hönningstad, Divisional Manager Moelven Wood, +47 (0)97 59 12 01
Hans Rindal, Group Manager Moelven Industrier, +47 (0)90 69 69 10
Plywood from Vänerply:
http://hugin.info/91/R/1518205/454742.jpg
The Vänerply plant in Otterbäcken, Sweden:
http://hugin.info/91/R/1518205/454740.jpg
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Moelven Industrier via Thomson Reuters ONE
[HUG#1518205]
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2011 - 16:31 Uhr
Sprache: Deutsch
News-ID 54947
Anzahl Zeichen: 5612
contact information:
Town:
Moelv
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 255 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Moelven acquires Vänerply"
steht unter der journalistisch-redaktionellen Verantwortung von
Moelven Industrier (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
