Criterion Africa Partners Completes Investment in Merensky Timber.

0 227

Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans Merensky Holdings (Pty) Ltd (HMH), has received an investment from Criterion Africa Partners (CAP) and FMO, the Dutch entrepreneurial development bank, totaling up to US$20 million in total.

Merensky Timber, which has a base of 65,000 hectares of pine and eucalyptus plantations and related manufacturing assets in South Africa, is the third-largest private plantation owner in Africa. The funding provided by CAP and FMO helps to launch an equity package worth up to US$64 million improvement spanning more than half a century.

The transaction is expected to be transformative for Merensky Timber, enabling its management team to capitalize on a range of growth opportunities in forestry, biomass energy, downstream processing, and nature-based solutions to mitigate climate change.

ACD.

Leave A Reply