Clearwater advises Versowood Oy on its acquisition of Metsä Wood Glulam factory and 50% of Hartolan Kuningaslampö power plant

Transaction

Versowood Oy acquired Metsä Wood Glulam factory and 50% of Hartolan Kuningaslampö power plant

Buy-side

Undisclosed

Role

Adviser to Versowood Oy on its acquisition of Metsä Wood Glulam factory and 50% of Hartolan Kuningaslampö power plant

Sector

Industrial & Chemicals

Region

Finland

We have advised Versowood Oy in the acquisition of the Hartola glulam factory and 50% of the neighbouring power plant from Metsäliitto Osuuskunta. Through the transaction, Versowood strengthens its market leading position in glulam and benefits from significant synergies with its existing glulam facilities.

With 2015 revenues of €327m, Versowood is Finland's largest privately owned wood processing group.