The Moelven Group is to acquire Sweden’s largest plywood manufacturer Vänerply.

Otterbäcken-based Vänerply produces plywood from spruce and pine, with an annual capacity of 90,000m³ and sales revenue of SKr299m (US$48.5m).

“We are acquiring Vänerply to become an even better supplier and collaboration partner for our customers,said Mikael Axelsson, ceo of Moelven Wood AB.

“Vänerply is a strong brand, its products are good and geographically it is favourably placed for Moelven’s existing distribution concept for wood-based products for trade and industry.”

Moelven’s turnover from plywood operations in the Swedish market is about SKr140m (US$22.6m), with business growing.

“The acquisition of Vänerply means that an important product for Moelven in terms of volume can now be partially produced in-house,added Mr Axelsson.

No takeover date has been confirmed but an application has been submitted to the Norwegian competition authorities.