THE SIA "KUREKSS" IN LATVIA BECOMES PART OF THE HS TIMBER GROUP
Sancovia Corporate Finance advised SIA “Kurekss” on the successful sale to the HS Timber Group.
Kurekss was founded over three decades ago and operates one of the most modern sawmills in the Baltics. The company produces high-quality sawn timber and refined wood products for export to Europe, North America, Asia, and North Africa.
The HS Timber Group has expanded its network with the acquisition of SIA “Kurekss”, a leading Latvian sawmill based in Ventspils, Latvia.
HS Timber Group is one of the world's leading wood processing companies with more than 2,700 employees and a presence in over 80 countries. Founded in Austria, the company develops customized products and innovative solutions from wood, the material of the future, at its international production sites.
In close cooperation with our partner company in the Pandea Global M&A network, Auctus Capital, the transaction was successfully completed, reflecting the effective international collaboration that made this deal possible.
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