Salix Hem & Beslag acquires Timberman A/S

Timberman A/S is a market-leading supplier of flooring in Denmark. The acquisition increases geographical presence and product expansion for Salix Hem & Beslag.

Timberman, founded in 2001, is a well-established Danish company. The company holds a leading position in flooring solutions for both private homes and commercial environments. With a successful distribution network, well-positioned brands (Novego, Timberman, and Wicanders), and high-quality products, Timberman has strengthened its position as a leading company in its industry. The strong position in the Danish market, together with Salix Hem & Beslag’s established presence in the Nordic region, creates a solid platform for continued growth in the Nordic region.

“We are very pleased to acquire Timberman, a well-reputed company with well-positioned brands and a strong market position within the industry. Timberman complements our business excellently and creates opportunities for geographical expansion in both directions. In addition to geographical expansion, this acquisition also strengthens our product portfolio, and we see significant potential in strengthening Salix Hem & Beslag’s position,” says Fredrick Sylva, CEO of Salix Hem & Beslag.

Fredrick Sylva and Mogens Fisker

“We are proud of what we have achieved with Timberman and very satisfied that we have found a long-term and professional industrial owner who wants to further develop the company,” says Mogens Fisker, CEO of Timberman A/S.

“Growth through acquisitions is a central part of our strategy to create long-term value growth for our owners. The ambition is to develop the group through organic growth, operational improvements, and acquisitions. The acquisition of Timberman is Salix Hem & Beslag’s second add-on acquisition in 2024 and the second in the last ten months, which has added approximately SEK 570 million in annual turnover,” says Fredrick Sylva, CEO of Salix Hem & Beslag.

The takeover will take place on 11 Dec 2024.

For further information, please contact:
Fredrick Sylva, CEO Salix Hem och Beslag, +46 705 584 623, fredrick.sylva@habo.com
Mogens Fisker, Adm. Dir. Timberman, +45 40 25 85 00, mf@timberman.dk 

Salix Hem & Beslag Mogölsvägen 6, Jönköping, Sweden
Org.nr: 559267-3536

About Salix Hem & Beslag
Salix Hem & Beslag is a Nordic trading group with a hundred-year history and proprietary brands for residential and commercial environments. The group operates in 7 countries, with approximately 230 employees and an annual turnover of approximately SEK 1.1 billion. Salix Hem & Beslag is one of three business areas within Salix Group. Salix Group is part of Volati, a Swedish industrial group founded in 2003 with a strategy to acquire and further develop companies' identities and entrepreneurial spirit, adding leadership, knowledge, processes, and financial resources to the group.

11.12.2024