Metsä Wood sells its wood element business to Lapwall Oy
Metsä Group’s Wood Products Industry Metsä Wood sells its wood element business located in Pälkäne, Finland, to Lapwall Oy. The transaction is expected to be finalized by the end of January. Personnel of the wood element business will in its entirety transfer to the new owner’s payroll.
In connection with the transaction the parties agreed on a multiyear contract concerning Kerto® LVL and spruce plywood deliveries. “Lapwall is an important partner for us, with whom we develop the wood construction ecosystem,” says EVP Esa Kaikkonen from Metsä Wood.
The divestment does not have a material financial impact on Metsä Group.
Juha Kasslin, VP Sales development, Metsä Wood. Tel: +358 50 598 8796
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 is owned by approximately 116,000 Finnish forest owners.
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Metsä Wood provides competitive and environmentally friendly wood products for construction, industrial customers and distributor partners. We manufacture products from northern wood, a sustainable raw material of premium quality. Our sales in 2015 were EUR 0.5 billion, and we employ about 1,600 people. Metsä Wood is part of Metsä Group.