Sorainen Estonia has advised Hobbiton, the Estonian handicraft log home producer, on its merger with another Estonian log house producer, Saulerman. The agreement was signed at the beginning of June 2018.
According to Sorainen, the newly-merged companies will continue operating under the Hobbiton name.
“The merger enables us to improve efficiency of production even more and keep costs under control,” says Hobbiton management board member Andrus Prangli.
According to Sorainen, "in over 20 years of existence, Hobbiton ... has delivered hundreds of bigger and smaller handicraft wooden house sets. The main market has been Norway but they have also sold log houses to Estonia, Finland, France, Russia, Spain, the United States, and to Martinique in the Caribbean."
The Sorainen team consisted of Partner Toomas Prangli and Senior Associates Juulika Aavik and Piret Lappert.