Brief: Bergs Timber Acquires Pinus In Poland

Bergs Timber AB (publ)

05/07/2022 14:51

July 5 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS GROWS WITHIN WINDOWS AND DOORS THROUGH ACQUISITION
IN
POLAND
    * ACQUIRES 100% OF SHARES IN PINUS AND SELLERS ARE FOUNDERS
OF
COMPANY
    * PPUH PINUS SP.Z HAD A TURNOVER OF APPROXIMATELY SEK 80
MILLION
IN 2021
    * AFTER ACQUISITION, BERGS' SALES OF WINDOWS AND DOORS TOTAL
APPROXIMATELY SEK 600 MILLION.
    * ACQUISITION IS EXPECTED TO STRENGTHEN MARGIN FOR JOINERY
PRODUCT
AREA AND MAKE A POSITIVE CONTRIBUTION TO EARNINGS PER SHARE
ALREADY DURING CURRENT YEAR
    * PURCHASE PRICE FOR SHARES AMOUNTS TO APPROXIMATELY SEK 36
MILLION

Source text for Eikon:  ID:nWkr1qBns6 
Further company coverage:  BRGb.ST 

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