OREANDA-NEWS. February 10, 2014. Bergvik Skog acquires 1,800 hectares of forest in Latvia from Skogssallskapet. For both parties, the deal entails rationalization and concentration of forest holdings in Latvia. Bergvik Skog was established in Latvia in 2008, after the transaction holdings include 107,000 hectares in Latvia, as the company said in the press release received by Lesprom Network.

“We are very pleased with the completed transaction, Latvia is a good country to pursue forestry in and there is a steadily growing forest industrial sector,” says Lars-George Hedlund, CEO of Bergvik Skog SIA.

Bergvik Skog owns approximately 2.3 million hectares of land in Sweden and about 0.1 million hectares in

Latvia and is one of Europe's largest private forest owners.