Metsäliitto Cooperative to sell Hartola module factory's business operations to Finndomo

 

Metsäliitto's Wood Products Industry (Finnforest) continues to concentrate on its core business. On 10 July 2006, Metsäliitto Cooperative and Finndomo signed a contract, according to which the business operations of the Hartola module factory will be transferred to Finndomo as of 1 September 2006. The sixty-five employees working in the factory will be transferred to Finndomo as old employees, and the terms of their existing employment contracts will remain valid.

"We will be concentrating on manufacturing wood-based elements as part of the building systems development process", says Executive Vice President of Metsäliitto's Wood Products Industry Ole Salvén.

As a result of the acquisition, Finndomo will acquire a state-of-the-art module factory, enabling the delivery of module-based houses for large urban development sites and end-users. Finnforest will retain the ownership of one element line located in the factory premises. The line produces, among others, elements for Finndomo's Hartola factory. 

Further information:
Ole Salvén, Executive Vice President, Metsäliitto Wood Products Industry, tel. +358 50 575 3310
Esa Kosonen, Director, Building systems, tel. +358 50 598 9562
Päivi Kauhanen, Communications Manager, Metsäliitto Group, tel. +358 50 598 9560