Loxworth Capital and its investment partner Raiz Group Saudi Arabia have acquired a majority stake in Patula Sawmills, a South African #timber company.
This strategic move supports our ongoing expansion in the #timberindustry. Patula Sawmills will be integrated into our timber business, Raizwood, in Saudi Arabia.
Our goal is to become a leading global supplier of specialised #timberproducts, with a focus on quality and industry trends.
This #acquisition strengthens our ability to enhance operations and serve the #pallet and industrial sectors in Europe, Asia, and the Middle East.
We'd like to thank our dedicated teams whose hard work has brought us to this point. Together we look forward to a journey of growth, innovation, and effective results.
#Raizgroup #Raizwood #Patula #sawmill #agribusiness #investment #fsc