• news.cision.com/
  • Metsä Group/
  • Finnforest Corporation acquires the softwood timber distribution and processing business of Montague L Meyer
English

Finnforest Corporation acquires the softwood timber distribution and processing business of Montague L Meyer

Report this content 
15.04.02


The deal strengthens Finnforest's leadership of the UK wood products
manufacturing and distribution market 

Finnforest has bought the softwood timber distribution and processing business
of the British firm Montague L Meyer Ltd (MLM). The deal strengthens
Finnforest's position in and share of the UK wood products manufacturing and
distribution market. Finnforest UK's turnover will increase by a fifth to some
€380 million and the volume of its wood products deliveries will grow from
800,000 cubic metres to 1,000,000. 

"The acquisition boosts Finnforest's share of the UK market for softwood timber
and products made from it. More importantly in the longer term, it will allow
us to continue improving our service and supply to customers in the Merchant,
DIY, Industrial and Construction sectors," says Finnforest UK Managing Director
John Tong. 

MLM's sawn and machined softwood products complement the existing Finnforest
range. The firm imports a total of 300,000 cubic metres of sawn softwood from
the Nordic countries and Russia. The deal will double Finnforest's exports of
softwood sawn timber and products made from it from Finland to the UK. It also
opens new marketing channels for Finnforest Kerto LVL and glulam products as
well as products from the newly-opened I-joist production line in King's Lynn. 

MLM's production and distribution facilities in Widnes and Hull will be
transferred to Finnforest. MLM's clientele is mostly comprised of builders'
merchants. The manufacturing and wholesaling of timber-based panel products
were not part of the deal. 

Additional information: 
CEO Ari Martonen, tel. +358 50 2406, +358 10 469 4870,
Finnforest UK,
Managing Director John Tong, tel. +44 77 1099 8727, +44 20 8437 8368
Market Area West, Director Ole Salvén , +44 20 8437 8380, +44 77 1099 8727

Finnforest is a growing international mechanical forest products corporation
with a turnover of €1.7 billion. Its operations are divided into two industrial
divisions: Engineered Wood and Solid Wood, which serve customers in the
industrial, retail and building business areas. The Corporation operates in
four market areas: Finland, Scandinavia, West and East. Customers include
industrial end users, DIY stores, timber merchants and building supplies
outlets. Finnforest operates in 21 countries and employs 7,500 people. It is
part of the Metsäliitto Group. Finnforest UK's turnover will rise to about €400
million. After the acquisition it will have six production facilities and some
850 employees. Finnforest has operations in eight localities in the UK.

Subscribe