Södra Timber acquires Trivselhus
Mannheimer Swartling has advised Södra Timber in connection with its acquisition of Ittur Prefab Industrier AB, the parent company of the Trivselhus Group, one of Sweden’s leading producers of prefabricated homes. Closing is expected to take place on 1 October 2009. The transaction is subject to inter alia competition clearance.
Södra Timber, a subsidiary of Södra, produces and delivers construction timber to customers in the building materials trade and the building-related timber industry. Södra Timber reported revenues of approximately SEK 3.2 billion in 2008 and had approximately 800 employees. Trivselhus is one of the leading companies in Sweden producing prefabricated wooden family houses. Trivselhus’ main market is Sweden, but the company also exports to Norway, Denmark, Germany, Switzerland, The Netherlands, and the UK. Trivselhus has ca. 230 employees.
Martin Ericsson was responsible for issues related to the acquisition. Stefan Perván Lindeborg was responsible for competition matters and was assisted by Jens Agö.