Fügen, 28.09.2017 - The Austrian binderholz Group, which has its headquarters in Fügen, has reached a binding agreement with The Carlyle Group to acquire the German sawmill and timber processing company Klenk Holz AG based in Oberrot. The purchase agreement was signed today, as announced by both companies. The transaction is expected to be concluded at the start of November 2017, a conclusion dependent on the agreement of the competition authorities. Further details are not currently being disclosed.
This step represents a milestone for the binderholz Group. Both companies’ sites and products are a perfect fit for each other. It is envisaged that the 3 Klenk sites will be expanded, with investment planned in the near future. Klenk Holz has an outstanding reputation in the market and the Klenk Holz brand will be retained. The purchase ensures the constantly growing demand for lumber for the binderholz Group’s finishing and processing sites. TTW Waldpflege, a forestry maintenance company, guarantees the reliable basic supply to the central European sawmills.
With this acquisition, the binderholz Group is now one of the largest producers of lumber in Europe. In 2017 alone, over 5 million cubic metres of logs will be cut in the Group’s 7 sawmills in Austria, Germany and Finland. Over 2 million cubic metres of solid wood products are produced from the 3 million cubic metres of lumber.
Reinhard Binder, CEO of binderholz, explains the strategic rationale as follows: “Klenk Holz is a perfect fit for the binderholz Group. Thus strengthened, we will continue our successful journey as an integrated producer of solid wood and supplier to the DIY sector together with the management of Klenk Holz. We will continue to evolve our successful business model jointly with Klenk Holz’s dedicated employees.”
Klenk Holz, which has its headquarters in Oberrot in Germany, currently employs around 1,000 people at three sites in Germany, with a turnover of approx. € 400 million. It produces lumber, solid wood panels, softwood lumber, multi-purpose panels, garden wood, solid construction timber, moulded pallet blocks, moulded wood pallets and waste timber. This product range
is sold through builders merchants, retail, wood processing industries and the packaging industry, among others. Klenk Holz exports approx. 30% of its products and annually cuts approx. 2 million cubic metres.
Ian Jackson, Managing Director and Co-Head of CSP explains: “Klenk Holz is one of the leading sawmill and wood processing companies in Europe. We have once again demonstrated our expertise in turnaround processes with our investment in Klenk Holz. We would like to thank Dr. Markus Adams and his management team for their successful cooperation. Together we have significantly increased productivity and growth at Klenk Holz and thus set the company up in an excellent position for continued growth under its new owner binderholz.”
Leading European company for solid wood products and innovative building solutions.
In the timber industry, the name of Binder stands for tradition and integrity, combined with high-tech and innovation. Still only a small sawmill operation 60 years ago, the family operation has become a leading European company today, equipped with cutting-edge technologies and production methods, with a corresponding reputation on the timber market.
binderholz has 12 sites: a workforce of 2,530 operates out of five sites in Austria - Fügen, Jenbach, St. Georgen, Hallein and Unternberg - fives sites in Germany - Kösching, Burgbernheim, Oberrot, Baruth and Wolfegg - and two sites in Finland - Lieksa und Nurmes. The range of solid wood products includes lumber, profiled timber, single-ply and multi-ply edge-glued solid wood panels, glulam beams and binderholz CLT BBS. Any waste timber, resulting as a by-product from production, is processed as densified biofuels, green electricity, multi-purpose panels, moulded pallet blocks and moulded wood pallets. The products are exported around the world.
binderholz produces efficiently on a sustainable basis in accordance with the no-waste principle and recovers 100% of the resource of timber.
binderholz owes its reputation to active and close personal customer service; to a product mix and a price policy meeting the needs of the market; and to binderholz quality management.
Reinhard Binder - binderholz
Matteo Binder - binderholz
Christian Schmitz (The Carlyle Group), Matteo Binder, Ludwig Foidl (Binder Beteiligungs-AG), Jan Phillip Feigen (Latham & Watkins) und Reinhard Binder