KLH Massivholz successfully gains investment
KLH Massivholz is delighted to announce the finalisation of an investment deal with the Johann Offner Group, which will support the company's long-term expansion plans and position, as the industry leader within the cross-laminated timber market.
The Johann Offner Group has acquired a majority shareholding of KLH Massivholz, with Chief Executive Officer Christian Loimayr retaining his share of the business and remaining in place to lead the successful delivery of the company's long term strategic direction. Two of the three founding partners of KLH who built the business and whose ideas and initiatives were the drivers for the company's success, have stepped away from the day to day operations of the company. Mr Wolfgang Weirer will continue his role raising awareness of KLH in the global marketplace.
Christian Loimayr commented that "cross-laminated timber as a MMC has tremendous growth potential in the construction market. The merger with the Johann Offner Group, a strong strategic partner in the timber industry, is a judicious investment in realising the company's long-term expansion plans and the development of innovative solutions in cross-laminated timber production and technology".
The Chairman of the Johann Offner Group, Hans Michael Offner, called the deal an important extension of the company's value chain in the wood sector, stating that "for us a share holding in KLH is an investment in a huge growth market, with KLH's plans for overseas expansion already at an advanced stage. KLH is the leader of the cross-laminated wood processing industry and internationally, the world connects cross-laminated timber with the name KLH".
With particular regard to the UK business, which currently represents 20% of the KLH Massivholz factory output, Christian Loimayr further commented that the merger between KLH and the Johann Group is a natural fit and strong business alliance, providing the platform for delivering on the Group's long-term strategic plans and in the medium term would offer capacity expansion opportunities to ensure KLH maintained its position as market leader.