Bergs Timber and Pinus
08.07.2022
Wardyński & Partners advised Bergs Timber AB in the acquisition of 100% of the shares in PINUS (Przedsiębiorstwo Produkcyjno-Usługowo-Handlowe Pinus Jerzy Smolarczyk Mariusz Smolarczyk sp. z o.o.) from the company’s owners and founders, the brothers Jerzy Smolarczyk and Mariusz Smolarczyk. The closing of the transaction took place on 5 July 2022.
Our assistance covered all aspects of the transaction, including corporate and tax issues.
The work of the lawyers at the firm engaged in the project was supervised by Izabela Zielińska Barłożek, and Kacper Czubacki was a key member of the team. Tax issues were covered by Joanna Prokurat. Other lawyers involved in the matter included Sylwia Staleńczyk-Janc, Adam Pawlisz, Marika Grzybowska and Ewa Nagy (IP matters).
Bergs Timber is a Swedish company listed on Nasdaq Stockholm since 1984. It manufactures, markets and sells high-quality windows and doors through its subsidiaries Performance Timber Products Group in the UK and Byko-Lat in Latvia. The acquisition of Pinus will enlarge the group’s production capacity and enable planned expansion in the UK and the rest of Europe. After the acquisition of Pinus, Bergs’ annual sales of windows and doors will total some SEK 600 million (c. PLN 270 million).
Pinus, based in Skarbimierz-Osiedle (near Wrocław), founded in 1991, is a recognised manufacturer of premium windows and doors.