Metsä Group divests its pole business to ScanPole Ltd.
Metsä Group Press Release 14 January 2015
Metsäliitto Cooperative, the parent company of Metsä Group, has agreed on the sale, dated on 31 December 2014, of the entire share capital of Metsä Wood’s UK-based pole business subsidiary Burt Boulton & Haywood Ltd (BBH) to ScanPole Ltd, a subsidiary of Iivari Mononen Oy. The employees of BBH, a total of 29 people, will transfer to the buyer as existing employees.
With the transaction Metsä Wood will discontinue the pole business and according to the industrial efficiency strategy the company will focus on its core businesses – industrial scale production and sales of Nordic sawn timber, timber upgrades, plywood and Kerto®. The sale is estimated to be completed by the end of the first half of 2015, and it will not have any appreciable effect on Metsä Wood's result.
METSÄ GROUP
Group Communications
For additional information, please contact:
Esa Kaikkonen, Executive Vice President, Metsä Wood, Tel: +358 10 465 4749
Atte Ailio, Chief Financial Officer, Metsä Wood, Tel: +358 10 465 4381
firstname.lastname@metsagroup.com
www.metsagroup.com
Metsä Group is a responsible forest industry group whose products’ main raw material is renewable and sustainably grown Nordic wood. Metsä Group focuses on tissue and cooking papers, consumer packaging paperboard, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 4.9 billion in 2013, and it employs approximately 11,000 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 123,000 Finnish forest owners.
www.metsawood.com
Metsä Wood provides competitive and environmentally friendly wood products for construction, industry and distributor partners. The products are manufactured from Nordic wood, a sustainable raw material of premium quality. Metsä Wood’s sales were EUR 897 million in 2013, and it employs approximately 2,500 people. Metsä Wood is part of Metsä Group.