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HASSLACHER group Invests In Element5
[Feb 23, 2024]

ELEMENT5 ¡ª Element5 opened Ontario¡¯s first and only certified cross-laminated timber manufacturing facility.

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 near Toronto, Canada, the company employs over 100 people and produces cross-laminated timber and glued laminated timber for the North American market. As a leader in the European timber industry, and an innovation driver in wood processing, the HASSLACHER group is taking an important strategic step in the North American market.

Through this investment in Element5, the HASSLACHER group is the first European company to invest in the development and expansion of mass timber production capacity in the North American market. Along with the existing cross-laminated timber line in St Thomas, Ontario, the HASSLACHER group investment will fund the start-up of a state-of-the-art new glulam line.

Enabling Element5 to produce a full range of machined glulam beams, columns, and assemblies. And with the cooperation and expertise of the HASSLACHER Group, this will create a high-performance production site in St. Thomas with a total mass timber production capacity of up to 100,000 m³ annually, which will go into full operation in the first half of 2025. Following the expansion, Element5 will employ around 200 people.