Martinsons initiates process to find new majority owner
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The wood industry business Martinsons has initiated a process to find a new majority owner of the Group.
“We have the advantage of being able to make this decision in a strong position as we are considered a driving force in many of our markets,” says CEO Lars Martinson. “We are convinced that this is best for our operations in the long term.”
During the fiscal year 2019, Martinsons’ turnover amounted to approximately Euro 180 million. After extensive investments in recent years, the company has set a long-term target of an annual production of 580,000 cubic metres of sawn goods.
Investments in new facilities include a new factory for the production of cross-laminated timber (CLT), a new boiler, and increased drying capacity.
The exercise to find a new majority owner is being performed together with Grant Thornton.
“Martinsons has a very strong and a very interesting market position,” says Mats Öberg, Partner at Grant Thornton. “For Martinsons’ ownership group, it is important to find a majority owner with the right profile who can develop the strong potential we see in the business.”
Martinsons is currently owned by eight shareholders in the fourth generation of the Martinson’s family ownership.
The Martinsons Group is one of Sweden’s largest producers of glulam and construction systems for apartment blocks, buildings and bridges in wood.