Austrian Schweighofer Group is to take over the German sawmill Kodersdorf, which boasts sawing capacity of 1.2m m3/year, from Klausner Holz Sachsen. Following roughly three months of negotiations, the two companies agreed recently on the details of the takeover as part of an asset deal and signed a contract of sale in Munich. At an employees' meeting on 7 August, Klausner management informed the work force at the Kodersdorf mill about the sale of the plant to the Schweighofer Group. The purchase price was not revealed. The transaction is still subject to approval by the cartel authorities. Closing is to follow by the end of September. Schweighofer will continue to trade at the mill as Holzindustrie Schweighofer. According to Schweighofer, a takeover of the plant of German Klausner Holz Thüringen, was not the subject of negotiations. With the takeover of the sawmill, which was commissioned in 2004, Schweighofer aims to expand its operations in the direction of the three-border region adjacent to Germany, Poland and the Czech Republic and will then boast a production site in Germany for the first time in the company's history.
Klausner sells German sawmill Kodersdorf
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