Global wood-based panel manufacturing giant Kronospan will now produce sawn timber products for the first time following the acquisition of Ziegler Group’s Sebeș sawmill.
Kronospan announced on March 3 that it had agreed to acquire the ZG Timber’s Sebeș plant in a move which ensures the continuity of operations at the facility, safeguarding 500 local jobs following the insolvency of Ziegler Holding GmbH at the end of 2024.
The acquisition agreement was signed on March 1, with the transaction expected to be finalized by mid-year, pending regulatory approvals.
“As part of its strategy to enhance its product offerings, Kronospan will now incorporate sawn timber products into its global portfolio,” the company said in statement.
“As a new addition, sawn timber products will complement the company’s existing production of wood-based panels, including particleboard (PB), medium-density fibreboard (MDF), and oriented strand board (OSB) at its Romanian plants in Sebeș and Brasov.
“Furthermore, Kronospan plans to invest in modernizing the Sebeș sawmill to further enhance its production capabilities.”
Kronospan said the investment highlighted its ongoing commitment to Romania as an attractive and competitive hub for wood products production.
Kronospan has had a presence in Romania since 1998. The company has invested over €600m in the country and currently operates two production plants in Brasov (OSB boards) and Sebeș (PB and MDF boards), a logistics centre in the Port of Constanta, and several wood collection and recycling centres across Romania.
The products are used both domestically and are exported to 75 countries worldwide, including regions such as Asia, the Middle East, and the Americas.
