mutares acquires French wood upgrading business from Metsäliitto Cooperative

mutares AG (ISIN: DE000A0SMSH2) closed the acquisition of Metsä Wood France SAS from Metsäliitto Cooperative. While this acquisition is already the sixth transaction in 2015, the transaction pipeline of mutares remains well filled.

Metsä Wood France is a wood upgrading company based in Honfleur and Boulleville, France, with 115 employees and a turnover of EUR 43m in 2014. It manufactures wood products for construction purposes and distributes them to the French market serving a well-diversified customer base in the segments DIY, merchants, and industrials.

The acquisition of Metsä Wood France is already the second transaction of mutares and Metsä Group. In May 2015, mutares acquired Metsä Board Zanders, a German manufacturer of premium paper with 480 employees and a turnover of EUR 93m in 2014.

Axel Geuer, CEO of mutares, comments: “Metsä Wood France fits perfectly to our industrial approach and strengthens our French portfolio. This is already our fourth transaction in France in 2015. With regards to our current pipeline, we hope to acquire at least one additional company this year.”

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (, acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares SE are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).