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Industry News | Time: Nov 3 2016 10:45AM
Sodra divests Sodra Wood Grimslov to Soernsen Group
 
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Sodra is divesting Sodra Wood Grimslov to German-based Soernsen Group. Trade union negotiations have been initiated regarding the transfer of the operation. Handover is expected to take place on 1 January.

Sodra Wood Grimslov produces high-grade architectural mouldings and special moulding profiles for industrial customers and has 31 employees. The main markets for its products are the Swedish and Norwegian building materials trade.

"Grimslov is a small-scale operation with niche specialty products. We believe that Grimslov can develop better under the management of Soernsen, which applies a similar concept. Soernsen is currently a contract supplier of mouldings to Sodra, and this situation will remain unchanged," said Jorgen Lindquist, Business Area President of Sodra Wood.

The purchaser is Soernsen Group, which was founded in 1945 and has several production sites in Germany and Estonia. The company produces a broad range of mouldings; its standard range contains more than 3,000 items in various types of wood and it delivers to countries worldwide. It has sales of EUR 50 million and 300 employees.

"We want to establish operations in Sweden to move closer to the Nordic market. Grimslov is a well-organised production site. With its motivated and competent staff, we will be capable of producing high-quality mouldings for the Nordic market. This move will also generally enhance the business relationship between Sodra and Soernsen," said Robert Sornsen, President of Soernsen Group.

Sodra is implementing structural changes in its sawmill and interior wood products operations to strengthen the company's long-term competitiveness. Several structural changes have been made in the sawmill operations and, with respect to the interior wood products operations, Sodra Wood Rottne was sold to Ess-Enn Timber before the summer. In October, Nordingra Tra AB was sold to Pro Unica AB and Sodra Wood Follinge to Rikard Eriksson.

Source: Sodra
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