The Romanian authorities have given their approval for the sale of the HS Timber Productions Sebes SRL site to the German Ziegler Group. The transaction, which was announced on 18 April, has now been successfully completed with the sale of shares. The purchase price has not been disclosed as both parties have agreed to keep it confidential. Additionally, the Ziegler Group will be taking over the existing staff in Sebes, ensuring continuity for the employees.
Sebes was the first production site of the HS Timber Group in Romania, making this sale a significant milestone for the company. The HS Timber Group would like to express their gratitude to the employees in Sebes for their outstanding performance over the last 20 years. Their dedication and hard work have contributed to the success of the company’s operations in Romania.
The Ziegler Group, a German company with a strong presence in the timber industry, saw great potential in the Sebes site. The acquisition of the HS Timber Productions Sebes SRL site aligns with their strategic expansion plans. This move will not only strengthen their position in the Romanian market but also enhance their overall production capabilities.
The Sebes site, with its state-of-the-art sawmill, has been a key player in the timber industry in Romania. It has been known for its high-quality products and efficient production processes. The Ziegler Group recognizes the value of this facility and aims to build upon its success.
The Ziegler Group’s decision to retain the existing staff in Sebes showcases their commitment to the local community and their recognition of the employees’ skills and expertise. This move will provide stability for the employees and ensure a smooth transition under the new ownership.
The sale of the HS Timber Productions Sebes SRL site to the Ziegler Group marks a new chapter for both companies. It represents a strategic move that will benefit both parties and contribute to the growth of the timber industry in Romania. The Ziegler Group’s extensive experience and resources, combined with the established reputation of the Sebes site, create a strong foundation for future success.
As the Romanian authorities have given their approval, the Ziegler Group can now begin the process of integrating the Sebes site into their operations. This will involve aligning processes, implementing any necessary changes, and ensuring a seamless transition for all stakeholders involved.
Overall, the sale of the HS Timber Productions Sebes SRL site to the Ziegler Group represents a positive development for the timber industry in Romania. It highlights the attractiveness of the Romanian market and the potential for further investments in the sector. With the Ziegler Group’s acquisition, the Sebes site is set to continue its legacy of excellence and contribute to the growth of the timber industry in the region.