Monday, December 29, 2025
The Austrian HS Timber Group has reached an agreement to acquire 100% of the shares in the Swedish wood processing company Malå Såg AB from Setra Trävaror AB, a subsidiary of Setra Group AB. The deal is pending approval from the relevant authorities.
Operating since 1946, Malå Såg is a well-established sawmill in northern Sweden. It specializes in high-quality northern pine products, which are sold to customers around the world, primarily in Norway, Sweden, Japan, the United Kingdom and North Africa. Malå plays a crucial role in the regional value chain, supplying wood materials to the pulp industry and local bio-energy producers.
This acquisition, which involves sourcing and processing softwood logs from sustainably managed Swedish forests, enhances HS Timber Group’s portfolio of high-quality wood products. The Group’s collaboration with the Swedish State Forest enterprise, Sveaskog, establishes a strong foundation for a long-term partnership focused on creating sustainable value from top-quality raw materials.
Jürgen Bergner, CEO of HS Timber Group: “With the acquisition of Malå Såg, we are strengthening our presence in Northern Europe and continuing our commitment to sustainable wood processing. The perfectly qualified employees and tradition of Malå Såg complement our strategy of producing high-quality timber products while supporting local economies and sustainable forestry.”
Once the ongoing investment program is finalized, Malå Såg will have an annual production capacity of up to 340,000 m³ of kiln-dried and further processed sawn timber such as planed material, deckings, claddings and slats. HS Timber Group will take over all of Malå Såg´s current employees and plans to continuously develop and improve the location together with the local management team going forward.
Marcus Westdahl, CEO of Setra Group: “We are pleased that Malå Såg will continue to grow under the ownership of HS Timber Group. The mill has a strong team and a proud history, and we are confident that this step will ensure its continued success and contribution to the local community. The divestment is expected to contribute to Setras ability to further strengthen the position in central Sweden.
About HS Timber Group
HS Timber Group is one of the world’s leading wood processing companies. They work passionately with more than 3,000 employees to serve their commercial and industrial customers in 80 countries worldwide. Founded in Austria and managed from Vienna, they develop sophisticated solutions and customised products made from wood, the material of the future, at seven production sites worldwide. They are committed to our responsibility for communities and a sustainable timber industry.
Setra’s vision is to do business in a way that we and others – their` clients, society and nature – can benefit from. This is what we call “Grönsamhet”. It comes down to creating green value. Setra is one of Sweden’s largest wood industry companies. In their facilities, they refine forest raw materials into climate-friendly, highly refined products such as glulam, planed wood, components and Cross laminated timer/CLT for construction and housing on a global market.
“Our timber originates from responsibly managed forests in some of the world’s best softwood raw material areas. We also sell bioproducts such as bark, chips and shavings to the paper and pulp industry as well as for energy production.”
Setra has eight production sites around Sweden, seven sawmills and a processing unit where they produce glulam, components and CLT. In addition, there is a planing mill in Great Britain that is operated by the company Setra Wood Products.
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Tags: CLT, Forestry, HS Timber Group, log, Malå Såg AB, sawmill, Setra, Setra wood, softwood, sustainability, sweden, Trävaror AB, woodmill
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