The purchase makes it Europe’s largest company in the sawmill and solid wood processing industry.
The acquisition of the British BSW Timber, based in Earlston, Scotland, by Binderholz UK Holding GmbH, a subsidiary of the Austrian binderholz Group, has been successfully concluded with the closing of the transaction.
BSW Timber is the largest sawmill group in the UK in 2021, with a turnover of around £700 million and a production capacity of over 1.2 million m3 of sawn timber per year.
In 2022, binderholz will become Europe’s largest group in the sawmill and solid wood processing industry segment, with a cumulative annual turnover of €2.6 billion and around 5,000 employees. The brand name BSW will be retained after integration into the binderholz Group, and the current management will continue to lead the company.
“With a strong focus on sustainability, binderholz and BSW pursue a forward-looking and at the same time, tradition-conscious corporate philosophy. The purchase of BSW is an essential component of our long-term expansion and sustainability strategy," said Reinhard Binder, Owner and CEO of binderholz.
"BSW is active along the entire value chain of the sawmill industry, from sustainable forest management and maintenance – with capacity to plant up to 50 million high quality seedlings per year – to timber harvesting, sawmill operations, timber processing and distribution as well as biomass energy.
“This step strengthens binderholz’s positioning in the growing British market, which is characterised by high demand for sawn timber, solid wood, timber construction and DIY products," he said. "The Green Economy ideal is being actively lived in Great Britain, which has been reflected in the constant growth rates in carbon dioxide-neutral timber construction over the years. With our products, we optimally cover these market needs and plan investments that go further into depth of the value-added chain.”