News & Views

Hannes Snellman Counsel to Vida AB in the Acquisition of Bergs Timber AB’s (publ) Swedish Sawmill Business

18 June 2020

Hannes Snellman acted as counsel to Vida, a global supplier of manufactured products from sustainable Swedish forests, in the acquisition of the Swedish sawmill business of Bergs Timber, a listed Sweden-based company which produces and sells sawn and processed timber products. The acquisition included Bergs Timber’s sawmills located in Vimmerby, Mörlunda, Orrefors, and Gransjö. The total purchase consideration for the operations, including the working capital involved, is estimated at approximately SEK 400 million, of which SEK 303 million pertains to fixed assets. Vida is a subsidiary of Canfor Corporation, whose shares are traded on the Toronto Stock Exchange.

The acquisition is conditional on Vida obtaining approvals from the relevant competition authorities.

Hannes Snellman's team included Mikael Klang, Johanna Wärnberg, Nicole Jerad, Douglas Essehorn (Private M&A), Jenny Lundberg, and Josephine Lindgren (Employment), Peter Forsberg, David Olander (Competition and Procurement), and Mattias Friberg (Public M&A).