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.
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.
