HusCompagniet has today entered into an unconditional agreement for the divestment of its prefabrication factory in Esbjerg to Nordic Wood Industries, one of Denmark’s leading manufacturers of wood-based materials and prefabrication for sustainable construction.
The divestment follows HusCompagniet A/S’s revised market approach and strategic decision to return to the core of the Semi-detached business with a clear focus on profitability ahead of growth while strengthening the Group’s asset light profile.
In connection with the transaction, HusCompagniet and Nordic Wood Industries have entered into a three-year strategic partnership agreement under which Nordic Wood Industries will be the sole supplier of prefabricated wooden elements and wooden roof cassettes to HusCompagniet’s activities in Denmark.
Gorrissen Federspiel acted as legal advisor to HusCompagniet on all aspects in connection with the transaction and partnership.
The core team from Gorrissen Federspiel consisted of partner Rikke Schiøtt Petersen, partner Andreas Hertel and attorney Emma Eiersholt Friis.
Congratulations to both parties on this transaction and strategic partnership as well as to all the advisor teams involved, including AXIOM PARTNERS assisting HusCompagniet and HortenDahl Advokatpartnerselskab assisting Nordic Wood Industries.