Companies in the timber industry / Daily News / Sawmilling / Europe / Global
June 23, 2015

Metsä Group divests Metsä Wood France

Metsä Group announced the divestment of the entire share capital of Metsä Wood France SAS to German Mutares AG. as the Finnish giant says in a press release. Mutares submitted an irrevocable offer to Metsäliitto Cooperative (the parent company of Metsä) and the transaction will now be subject to the information and consultation process of employee representatives of Metsä Wood France. The amount of the transaction was not disclosed.    With the transaction Metsä Wood would discontinue the upgrading and distribution operations in France and the employees of Honfleur and Boulleville units, a total of 115 ...

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