Iceland’s Norvík Acquires Jarl Timber in Sweden Skip to content

Iceland’s Norvík Acquires Jarl Timber in Sweden

By Iceland Review

Icelandic investment company Norvík hf., the mother company of hardware story Byko, announced this week that it has acquired the entire share capital of Jarl Timber, which operates an industrial sawmill in Sweden, and has taken over its operations on November 1.

Jarl Timber is a well-established family company, which has operated the sawmill in Broakulla, south Sweden, since 1946. The company produces about 150,000 cubic meters of timber annually with an annual turnover of ISK 3 billion (USD 51 million, EUR 35 million).

Jarl Timber’s products are mostly sold in Britain.

From now on Jarl Timber will belong to Norvik Timber Industries (NTI) within Norvík hf., which has timber-related operations in five countries, Latvia, Estonia, Russia, Britain, and now also Sweden.

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