Katja Verena Egger
Press officer Mayr-Melnhof Holz Paskov
Agentur STANCE s.r.o.
T +420 737 022 429
Mayr-Melnhof Holz Group acquires all shares in Hüttemann Group
(Leoben, 27th February 2018)
We are pleased to inform you that the Mayr-Melnhof Holz Group has acquired all shareholdings in the Hüttemann Group, including its German sites in Wismar and Olsberg. This makes the Mayr-Melnhof Holz Group the leading supplier of glued laminated timber in Europe. The acquisition is subject to the condition precedent of authorisation by the relevant competition authorities, but we expect to receive a positive response within the next four to six weeks.
The sites of the two businesses complement one aother perfectly, both geographically and in terms of product lines. In future the Mayr-Melnhof Holz Gaishorn (Austria) and Richen (Germany) sites will work closely with the Wismar site, and the Reuthe (Austria) site with Olsberg.
For Mayr-Melnhof Holz, this step represents the next stage of expansion after extensive investment within the Group, and for the Hüttemann Group it ensures forward-looking succession planning.
About the Mayr-Melnhof Holz and the Hüttemann Group:
The Mayr-Melnhof Holz Group is headquartered in Leoben, was founded in 1850 and currently employs around 1,650 staff. The company is divided into Sawn Timber and Fabrication and Finishing Divisions and achieved an annual turnover of around 550m Euros in 2017. Its three saw mill sites and associated pellet plants are located in Leoben (Austria), Paskov (Czech Republic) and Efimovskij (Russia). Timber processing is undertaken at three sites in Gaishorn (Austria), Reuthe (Austria) and Richen (Germany). In addition to glulam beams (MM masterline), Duo/Trio beams (MM vistaline) and laminated ceiling elements (MM profideck), the Fabrication and Finishing product portfolio also includes cross-laminated timber CLT (MM crosslam), 3-ply structural panel (K1 multiplan), formwork panels (K1 yellowplan) and formwork beams (HT20plus).
The Hüttemann Group was founded in Olsberg in 1891 and today has around 250 employees. The company has three divisions: Timber Engineering Service, Construction and Masterwood. The two sites in Olsberg and Wismar together generated annual turnover of around EUR 65m in 2017 from production of glued laminated timber and associated services.
MM crosslam (cross-laminated timber)
Mayr-Melnhof Holz Image Video