Friday 06. May 2011
UPM sells its Lohja veneer mill to the mill’s operative management
UPM has agreed to sell its Lohja veneer mill from the Plywood Business Area to the mills operative management. In addition to mills businesses, the agreement covers the mill real estate, buildings, machinery and property. The mills personnel will continue to work with the new, to be established, company. The parties have agreed not to disclose the value of the deal. The transaction is estimated to be completed in May 2011.