Nip Impressions logo
Sat, May 25, 2019 03:23
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Merger confirmed between SCA Wood France and Groupe ISB

FRANCE (News release) -- SCA Wood France and the French company Innovation Solutions Bois, Groupe ISB, have merged their operations in wood processing and distribution of wood products in France. The merger will result in a large and resourceful supplier of wood products to the French building material sector.

"The French building materials sector is growing and is of great importance to SCA. With the merger we create a large and resourceful supplier serving demanding customers all over France", says Jerry Larsson, President SCA Wood.

SCA's contribution is the company's operations in wood processing and distribution in Rochefort, France. SCA's Bonneuil-Matours site will not be part of Groupe ISB, but will be closed after the fire in 2018.

SCA's contribution amounts to SEKm 300 and contains SCA's wood operations in France and procurement of shares in ISB. SCA will have a 38.5% share in Groupe ISB and will become the largest shareholder. SCA will not consolidate the company.

"For SCA, Groupe ISB is a perfect fit. We share the same values and focus on customer satisfaction, sustainability and innovation", says Jerry Larsson. "We will strengthen the value-chain from the forest, through our sawmills, to the growing building materials market in France."

The final merger agreement was signed and completed today, 4th March 2019, and is effective immediately.

SCA Wood France supplies more than 100 000 m3 of wood products to the French building materials market. The products includes wood paneling, flooring, decking and construction timber. SCA Wood France has approximately 80 employees and sales of EUR 40m.

Innovation Solutions Bois is France's largest supplier of wood products to the building materials market. Groupe ISB has sales all over France and wood processing in five locations. Groupe ISB has approximately 470 employees and sales of more than EUR 230m.

*******

Onlypulpandpaperjobs.com has taken off like a rocket! Over twenty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [02.01.19]

****

Employers are on board with Onlypulpandpaperjobs.com. There are twenty plus employers located in ten different US states and two other countries. [02.01.19]


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: