PwC advises Ziegler Group on acquisition of Greenwood Sverige AB

May 18, 2022

Stuttgart/Nuremberg/Stockholm, 18th May 2022

An international and multidisciplinary team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal), PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) and Öhrlings PricewaterhouseCoopers AB (PwC Sverige) provided comprehensive legal and tax advice to Ziegler Group on the acquisition of the Swedish sawmill corporation Greenwood Sverige AB from the sellers Profura AB and BAXAB AB.

The German-Swedish PwC Legal team led by Dr. Minkus Fischer performed the legal due diligence and assisted the client with the preparation and negotiation of the transaction documents. The German-Swedish tax team led by Thomas Breuch was responsible for the tax due diligence and tax structuring of the transaction.

Family-owned Ziegler Group with its headquarters in Plößberg in the Upper-Palatinate region is currently active with more than 2,200 employees in the fields of wood, logistics, house building, mechanical engineering, decoration, and gastronomy at 23 locations in Germany.

Greenwood Sverige AB is the centrepiece of widely branched Profura Group founded by Bernt Ivarsson. With its two sawmills Balungstrands Sagverk AB and Backebrons Sagverk AB located in the forest areas of central Sweden, Greenwood Sverige has a cutting capacity of yearly 700,000 scm of logs on a total of more than 35 ha of operating space.

By acquiring Greenwood Sverige, Ziegler is expanding its group abroad for the first time. The two Swedish sawmills open new possibilities for Ziegler Group with respect to purchasing and sales activities and enrich the existing product portfolio with the well-known very high-quality Nordic softwood. With Ziegler Group as a strong partner, both locations are to be further strengthened. The traditionally strong roots of Greenwood in the domestic markets should play a central role in the further development.

Advisors to Ziegler Group

PwC Legal:
Dr. Minkus Fischer (lead), Robert Dorr, Hildegard Günzel (all Corporate/M&A, Stuttgart/Munich), Susanne Zühlke, Justus Lucka (both antitrust law, Berlin)

PwC Germany:
Thomas Breuch (lead), Dr. Christina Fürst, Florian Legner (all Corporate Tax, Nuremberg)

PwC Sverige (Legal):
Olof Frånlund (lead), Martin Morén Jönsson, Caroline Falkhorn (all Stockholm)

PwC Sverige (Deals Tax):
Joackim Lundholm (lead), Axel Enquist, Lea Dörfler (all Stockholm)

For further information please contact:

Nils Philipp
PwC Communications
Tel.: +49 211 981-2128
E-Mail

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our client’s long-term business success.

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About PwC:

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with over 295,000 people who are committed to delivering quality in assurance, advisory and tax services.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

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Contributors

Dr. Minkus Fischer

Corporate/M&A

Tel: +49 711 25034-1372

Robert Dorr

Corporate/M&A

Tel: +49 711 25034-1505

Hildegard Günzel

Corporate/M&A

Tel: +49 89 5790-7064

Susanne Zühlke

Antitrust

Tel: +49 30 2636-1707