European timber conglomerate, The HASSLACHER Group, is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture, and assembly of modern engineered timber buildings.

Based in St. Thomas, Ontario, Element5 employs over 100 people and produces cross-laminated timber and structural solutions for the North American market. The HASSLACHER Group is a leader in the European timber industry, an innovation driver in wood processing, and is taking this important strategic step to strengthen and grow its position in the North American market.

“With our strategic investment in Element5, we are consistently pursuing our path of internationalization. We have been present in the North American market with our mass timber construction products for more than eight years, where we also see the potential for significant future growth,” says Christoph Kulterer, CEO and owner of the HASSLACHER Group. ” Together with Element5, we can now offer the North American market the entire HASSLACHER portfolio with shorter delivery times, greater capacity, and a full spectrum of engineering expertise.”