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Metsä Board completes sale of stake in Husum

04 Jan 2021 − 

Metsä Board wants to focus on growth in its paperboard business and has therefore sold a stake in the Husum mill in Sweden in order to free some capital.

Metsä Board has today finalised the sale of a 30 per cent stake in its Husum mill in Sweden. The participation was acquired by the Swedish forest owners' cooperative Norra Skog, with whom Metsä Board simultaneously entered into a long-term wood supply agreement.

The Husum mill has a capacity of 400,000 tpy of folding boxboard, 250,000 tpy of kraftliner and 730,000 tpy of bleached hardwood pulp.

According to earlier reports from the company, the revenues from the divestiture of the stake and the proportionate reduction in investment outlays amount to €350m in total. This will enable a "significant reallocation" of funds to the paperboard business, where Mestä Board plans investments aimed at improving profitability and growth.

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