Iivari Mononen Group to acquire PDM and Calders & Grandidge from Saint-Gobain.

Iivari Mononen Group, a wood company, agreed to acquire treated timber products company, PDM Timber Treatment and Calders & Grandidge from Saint-Gobain, a business conglomerate. Financial terms were not disclosed. “Iivari Mononen’s group’s strategy is to be the market leader in the wooden pole market and the largest manufacturer of wooden fencing posts in Northern Europe. The business arrangements made now support our strategy. The arrangements enable synergy in wood procurement, logistics and production cooperation between factories,” Ari Mononen, Iivari Mononen CEO.