CMS advises Ilim Timber on acquisition of two sawmills from Tyrolean Klausner Group
The Russian wood and timber manufacturer Ilim Timber Industry acquired two of the largest sawmill and planing mill facilities in Europe, situated in Wismar and Landsberg in Germany, from the Tyrolean Klausner Group. In addition, there are plans to acquire the production premises of the former sawmill in Adelebsen in the German federal state of Lower Saxony. With this move, Ilim Timber expands its production capacity and extends its access to important markets in Europe, North America, Asia and Australia. Klausner remains the owner of the Group’s other two sawmills in Germany.