Metsäliitto Osuuskunta
Metsä Group divests its pole business to ScanPole Ltd.

DGAP-News: Metsäliitto Osuuskunta

2015-01-14 / 13:00

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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(R). 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.
News Source: NASDAQ OMX



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2015-01-14 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                 
Company:     Metsäliitto Osuuskunta  
 
 
             Finland                 
ISIN:        FI0002001611            
 
 
End of News    DGAP News-Service  
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