UPM has concluded the sale of 100% of its shares of Tilhill Forestry Ltd to BSW Timber Ltd in the United Kingdom. The transaction does not have an effect on the employment contracts of the employees of Tilhill Forestry.

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UPM sells Tilhill Forestry to the BSW Timber Group

Sep 02, 2015. /Lesprom Network/. UPM has concluded the sale of 100% of its shares of Tilhill Forestry Ltd to BSW Timber Ltd in the United Kingdom. The transaction does not have an effect on the employment contracts of the employees of Tilhill Forestry, as the company says in the press release received by Lesprom Network.

“Despite the sale, our close relationship with Tilhill Forestry continues and the company is fully committed to supply wood and biomass for UPM Caledonian and Shotton mills in the UK,” says Kurt Wurster, Vice President, RCP and CE Wood Sourcing, UPM Paper ENA.

Tilhill Forestry will continue to focus on building its core strengths of high quality forest management whilst delivering a secure and stable supply of home-grown timber to the UK market.

Established in 1948 and headquartered in Stirling, Scotland, Tilhill Forestry provides professional forestry management and timber harvesting and marketing services to forestry owners through its nationwide network of offices.