Bergs Timber AB has signed a letter of intent on the 22nd of January with Bergs Timber’s main owner, Icelandic Norvik, for the acquisition of a number of companies within Norvik Timber Industries with operations in Latvia, Estonia and the United Kingdom. Thus, Bergs Timber intends to acquire Norvik Timber Industries’ operations in Latvia, Estonia and the UK. The respective companies have generated net sales of approximately SEK 1,613 million and a profit after tax amounting to SEK 78 million during financial year 2016/2017. The payment will be made ...
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