SWEDEN (News release) -- Holmen signed an agreement to purchase Martinsons over the summer and 1 October marked the formal change of ownership. To celebrate the occasion, a key handover ceremony took place at the sawmill in Bygdsiljum, which will now become one of the largest in the Holmen Group.
"We will be taking the strengths of Martinsons and building on them. Specialist know-how and a focus on quality, long-term planning and innovation are all present within Martinsons and these features are closely aligned with the way we want to work. This acquisition will make Holmen a company with an incredible breadth and depth of expertise in wood products and wood construction," declared Johan Padel, Holmen's Senior Vice President Wood Products, during the ceremony.
At the handover, Martinsons' former CEO Lars Martinson welcomed the new owners and presented Johan Padel with a symbolic wooden key to mark the change.
Another essential aspect of the deal is the access to raw material, an area in which the companies have both spent many years establishing close partnerships.