The Hasslacher Group, a prominent timber company, has recently sold its production site in Russia to the Russian VLP Group. This site, situated in the Novgorod region, was home to a sawmill, planing mill, and a pellet plant. The Hasslacher Group had plans to expand its operations in Russia by starting the production of glulam in 2022. However, due to the ongoing Russian invasion of Ukraine, the company was forced to abandon these plans.
The sale of the Russian production site marks a significant shift in the Hasslacher Group’s business strategy. The company has been actively involved in the production of sawn timber, planed timber, chips, and wood pellets at this site. The annual capacity of the sawmill line, according to VLP Group, has not been disclosed.
The decision to sell the production site comes as a result of the escalating tensions between Russia and Ukraine. The Russian invasion has had a profound impact on businesses operating in the region, leading many companies to reconsider their operations. The Hasslacher Group, like many others, has had to reassess its plans and make difficult decisions to ensure the safety and stability of its business.
The Hasslacher Group’s decision to sell the Russian production site to the VLP Group is seen as a strategic move. The VLP Group, a Russian company specializing in forestry and wood processing, is well-positioned to take over the operations and continue the production of timber products at the site. The transaction value of the sale has not been disclosed, but it is expected to have a significant impact on both companies involved.
The Hasslacher Group has a strong reputation in the timber industry, with a long history of producing high-quality timber products. The company operates in several countries, including Austria, Germany, and the United States. The sale of the Russian production site is not expected to have a major impact on the overall operations of the Hasslacher Group, as it continues to focus on its core markets.
The VLP Group, on the other hand, is set to benefit from the acquisition of the Russian production site. The company has been actively expanding its presence in the forestry and wood processing sector, and this acquisition will further strengthen its position in the market. With the addition of the Hasslacher Group’s production site, the VLP Group will be able to increase its production capacity and meet the growing demand for timber products.
Overall, the sale of the Hasslacher Group’s Russian production site to the VLP Group reflects the challenging business environment created by the Russian invasion of Ukraine. It highlights the need for companies to adapt and make strategic decisions to ensure their long-term success. While the exact details of the transaction remain undisclosed, it is clear that both companies stand to benefit from this deal. The VLP Group will gain a valuable asset that aligns with its expansion plans, while the Hasslacher Group can focus on its core markets and navigate the changing geopolitical landscape.
