Altogether 38 employees of the business will transfer to the new owner. The parties have agreed not to disclose the sales price. Groupe FP Bois will continue wood processing at the Aigrefeuille mill. The annual production capacity of the mill is 45,000 m3 of planed wood products.

”The sale of Aigrefeuille mill opens up new possibilities for both the site and the employees. We think that the new owner has a good opportunity to further develop the business,” says Anssi Klinga, Senior Vice President, UPM Timber. ”Aigrefeuille mill represents an excellent fit to the present scope of the Groupe FP Bois. With this acquisition we aim at developing high value wood products on growth segments,” says Eric Plantier, President, Groupe FP Bois.