Vinge has advised Karl Hedin and minority shareholders in connection with the sale of AB Karl Hedin Sågverk to Vida Aktiebolag (“Vida”).
Vida is a global supplier of processed products from Swedish forests. The Vida group has approximately 1,600 employees and sales of SEK 12 billion and conducts operations at 24 production facilities, including 12 sawmills. AB Karl Hedin Sågverk has three sawmills in Sweden and a well-established raw materials organisation in Bergslagen. The company has approximately 220 full-time employees and sales of SEK 1.8 billion. Following the acquisition, AB Karl Hedin Sågverk will continue to operate under its current name and trademark with Fredrik Marnefeldt as CEO.
Together Vida and AB Karl Hedin Sågverk will have a turnover of approximately SEK 14 billion, 1,800 employees and a sawmill production of 3.3 million cubic metres.
The transaction is subject to regulatory approvals.
Vinge’s team consisted mainly of Jonas Johansson, Johan Winnerblad, Egil Svensson and Olof Löfvenberg.
Read more in AB Karl Hedin's press release
