Press Release - 26.08.2025 - 09:00

Lars Larsen Group invests half a billion DKK in forest land in the Baltics

As part of Lars Larsen Group’s ambition to contribute to growth and value for society, the company has decided to invest in forestry and the establishment of new forests in the Baltics. The investment will be made in collaboration with Dalgas, which has successfully operated in the Baltics for many years.

Over the coming years, Lars Larsen Group, together with Dalgas – a part of Hedeselskabet – will acquire and establish forest operations in the Baltics with the aim of building a business that generates solid financial returns, considers climate and biodiversity, and supports the development of wood products for, among other things, construction and the furniture industry.

“In Lars Larsen Group, we want to support – and invest in – responsible development and the future. In the Baltics, we gain access to attractively priced forests and see advantages in the fact that the region’s wood industry is well integrated into the global market. We look forward to our collaboration with Dalgas, which has delivered strong results in the Baltics for many years,” says Daniel Albæk, Executive Vice President and Chief Investment Officer at Lars Larsen Group.

Partnership solution with positive impact
At Dalgas, which develops and maintains everything from small outdoor areas to large forest operations, there is great optimism about the partnership with Lars Larsen Group.

“It is a great pleasure for us at Dalgas to work closely with a professional company like Lars Larsen Group, where solid business principles and the green transition go hand in hand. We can contribute with nearly 160 years of experience in working with nature and investing in forestry. Together, we ensure a solution that contributes positively – both economically and for nature,” says Torben Friis Lange, CEO of Hedeselskabet, owner of Dalgas.

The plan is for Lars Larsen Group to invest in its first forest areas in the autumn of 2025, with the total investment expected to amount to half a billion DKK in the coming years.

Contact:
For further information, please contact Christian Bogh, Communications Director at Hedeselskabet, at [email protected] or Rasmus Boserup, Head of Communications at Lars Larsen Group, at [email protected]