Metsä Wood sells gluelaminated beam business to Versowood Oy
Metsä Group’s wood products industry Metsä Wood sells its gluelaminated beam business located in Hartola, Finland to Versowood Oy. The transaction is expected to be finalized by the end of November. Personnel of the gluelaminated beam business will in its entirety transfer to the new owner’s payroll.
The divestment does not have a material financial impact on Metsä Group.
Timo Riikonen, Director, Corporate Controlling, Metsä Wood. Tel: +358 40 714 9757
Metsä Group is a forerunner in bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh forest fibre paperboards and tissue and cooking papers. Metsä Group’s sales totalled EUR 5.0 billion in 2015, and it employs approximately 9,600 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and owned by approximately 116,000 Finnish forest owners.
Metsä Wood provides competitive and environmentally friendly wood products for construction, industrial customers and distributor partners. Metsä Wood manufactures products from northern wood, a sustainable raw material of premium quality. Metsä Wood's sales in 2015 were EUR 0.9 billion, and the company employs about 2,000 people. Metsä Wood is part of Metsä Group.