Metsä Group's parent company, Metsäliitto Cooperative has today (11.3.2013) agreed that it will divest the shares of Metsä Wood Merk GmbH to the German-based Ed. Züblin AG Group, which is part of the Strabag Group. The parties also agreed on long-term co-operation to provide products to each other's solution ranges. The transaction will not cause any significant capital gain or loss.
"The arrangement supports the focus of Metsä Wood and its local subsidiary Metsä Wood Deutschland GmbH on providing wood construction systems and product component solutions in the Central European market. Metsä Wood Merk GmbH's strengths are based on project operations in wood construction," says Esa Kaikkonen, Executive Vice President, Metsä Wood.
Metsä Wood Merk GmbH is a subsidiary of Metsä Wood Deustchland GmbH. In 2012, Metsä Wood Merk's sales were €21 million, and it has about 100 employees. A Strabag Group company, Ed. Zublin AG is a leading construction company in Germany, and its sales in 2011 totalled €2.7 billion. The finalisation of the transaction is subject to approval by German competition authorities. The transaction is estimated to take place in the second quarter of 2013.
For further information, please contact:
Esa Kaikkonen, Executive Vice President, Metsä Wood, tel. Tel. +358 10 469 4749
Atte Ailio, Senior Vice President, Finance & Strategy, Metsä Wood, tel. +358 10 465 4381