Successful closing: binderholz Group completes the acquisition of the largest British sawmill group, making it Europe’s largest company in the sawmill and solid wood processing industry
On 05.01.2022, the acquisition of the British BSW Timber Ltd, based in Earlston, Scotland, by Binderholz UK Holding GmbH, a subsidiary of the Austrian binderholz Group, was successfully concluded with the closing of the transaction.
BSW Timber Ltd. 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.
Strong partnership with a focus on sustainability
“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. 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,” says Reinhard Binder, owner and CEO of binderholz. “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. The Green Economy ideal is being actively lived in Great Britain, which has been reflected in the constant growth rates in CO2-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.”