Large sawmill merger in Sweden

July 11, 2019
Source:
Siljan/Pareto/Fordaq
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In 2018, the ESSVP IV fund managed by the German Orlando Management AG took over the Swedish sawmill company Siljan Group AB. The fund recently acquired another sawmill company, Bergkvist-Insjön AB. Both were merged into the Bergkvist-Siljan Group in June 2019 and merged into Dilasso Timber AB. This is the property of ESSVP IV.

The two companies each have around 200 employees. Siljan, based in Mora, has a turnover of SEK 1.4 billion and Bergkvist-Insjön, which has a seat in Insjön, SEK 1.5 billion. The companies complement each other in terms of their product ranges. The merger created the largest sawmill company in the central Swedish region of Dalarna and the sixth largest in Sweden.

To finance the acquisition of Bergkvist-Insjön AB, Dilasso Timber AB issued a bond of SEK 750 million with a term of four years.