# HASSLACHER Group invests in Element5

The HASSLACHER Group acquired a stake in Element5, a mass timber producer in St. Thomas, Ontario. The investment will fund a new glulam line at the plant. Announced on February 13, 2024.

- Type: Investment
- Announced: 2024-02-13
- Where: St. Thomas, Ontario, Canada
- Status: announced
- Products: cross-laminated timber, glulam beams, columns, assemblies
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Element5](https://endata.com/companies/75636.md)
- [HASSLACHER Group](https://endata.com/companies/75635.md) (investor)

## Sources

- [elementfive.co](https://elementfive.co/element5-receives-strategic-investment-from-the-hasslacher-group/), 2024-02-13: "With our strategic investment in Element5, we are consistently pursuing our path of internationalization."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.