Firstwood engages in the purchasing, manufacturing and distribution of wood and wood products, especially thermally treated wood products. It also manufactures and distributes components for wood processing.
The company's business purpose is the production of thermowood from native softwoods and hardwoods. The products ThermoPine, ThermoBeech and ThermoAsh come from certified European forests.
Following transaction team facilitated the transaction for our client.
About the sector
The construction industry is clearly a key sector for Germany. In 2020, the construction industry contributed 6.1% to the overall economic gross value added - companies in the construction industry generated sales of approx. EUR 368 bn. The industry is made up of the main construction trade with approximately 75 k companies and the finishing trade with approx. 250 k companies. With annual growth rates of 4.9% since 2012, the construction industry is a clear growth market.