The divestment of Metsä Group’s parent company Metsäliitto Cooperative’s wood supply business in Latvia to ACA Timber has been completed. The seller is Metsä Forest Latvia SIA, a subsidiary fully owned by Metsäliitto Cooperative. On 3 March 2025, Metsä Group announced the divestment of its wood supply business in Latvia, which at the time still required approval by the Latvian Competition Authority.
The divestment of the Latvian wood supply operations has no material financial impact on Metsä Group’s wood supply and forest services business. The parties have agreed on long-term deliveries of pulpwood and chips to Metsä Group. All Metsä Forest Latvia SIA employees will transfer to the new owner’s service.
For further information, please contact:
Juha Jumppanen, EVP, Metsä Group Wood Supply and Forest Services, tel. +358 50 384 4808
Armands Apfelbaums, CEO & Partner, ACA Timber SIA, tel. +371 29242126, +371 67544544
Juha Laine, SVP, Marketing and Communications, Metsä Group Wood Supply and Forest services, tel. +358 50 346 0350
Metsä Group’s Wood Supply and Forest Services
metsagroup.com/metsaforest
Metsä Forest provides and develops services for the members of Metsä Group’s parent company, Metsäliitto Cooperative. The company procures all the wood used by Metsä Group’s production units. The cooperative consists of more than 90,000 forest owners, who own about half of Finland’s privately owned forests. We are committed to regenerative forestry to measurably strengthen the state of forest nature. We promote a culture of diversity, equality and inclusion.
In 2024, our sales totalled EUR 2.4 billion, and we have around 700 employees. The sales of the whole Metsä Group were EUR 5,7 billion.