Kronospan has acquired ZG Timber’s sawmill in Sebeș, Romania, preserving jobs and expanding its product portfolio while promoting sustainability.
Information on the Target
Kronospan has successfully finalized the acquisition of ZG Timber’s sawmill located in Sebeș, Romania. This strategic move enhances Kronospan's operational capabilities, allowing them to tap into ZG Timber’s established market presence and expertise in wood processing. The acquisition is expected to preserve over 500 jobs, contributing significantly to the local economy.
The Sebeș sawmill will enable Kronospan to broaden its product offerings, specifically in the area of sustainably sourced wooden materials, thus aligning with the company’s commitment to sustainability and innovation within the industry.
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Industry Overview in Romania
Romania's wood industry has been gaining momentum, driven by its rich forest resources and increasing demand for sustainable building materials. The country is one of the leading producers of wood products in Europe,
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Kronospan
invested in
ZG Timber’s Sebeș sawmill
in 2025
in a Other deal