Silvestica has acquired the Latvian limited company SIA Nakotnes Mezs from a Swedish investor. The company owns forest real estate in middle region of Latvia north of Madona.
Silvestica has also established Latvian daughter company Silvestica Green Forest Latvia, SIA, in which the forest estates will be included.
The forest holdings will be managed by a Swedish forest management company Skogsutveckling Syd AB through their Latvian branch established in 2013.
The forests will be associated with the existing FSC- and PEFC group certification umbrella organisation of Skogsutveckling Syd Latvijas filiales in Latvia