The 2020 Mid-Year Economic Update_long

Weyerhaeuser Agrees to Sell iLevel European Unit

Weyerhaeuser Company, Federal Way, WA, has agreed to sell its iLevel European engineered wood products operations to Finnforest of Finland, part of the Metsaliitto Group.
 
The sale includes supply commitments for iLevel's wood products brands in Europe and a diversified customer base composed primarily of wholesale distribution companies, building materials dealers, structural systems suppliers and industrial manufacturers.
 
This sale will allow iLevel to focus on its core North American residential wood products business,"said Carlos Guilherme, vice president of sales for Weyerhaeuser's iLevel wood products business.
 
Finnforest supplies building and construction segments, transport vehicle industry, other industrial customers as well as building ...

Weyerhaeuser Company, Federal Way, WA, has agreed to sell its iLevel European engineered wood products operations to Finnforest of Finland, part of the Metsaliitto Group.
 
The sale includes supply commitments for iLevel’s wood products brands in Europe and a diversified customer base composed primarily of wholesale distribution companies, building materials dealers, structural systems suppliers and industrial manufacturers.
 
This sale will allow iLevel to focus on its core North American residential wood products business,”said Carlos Guilherme, vice president of sales for Weyerhaeuser’s iLevel wood products business.
 
Finnforest supplies building and construction segments, transport vehicle industry, other industrial customers as well as building material and DIY chains. With sales of €1.3 billion, Finnforest employs 4,400 people in 20 countries.
 
Following the transaction, Weyerhaeuser will continue to have a South American plywood and hardwood sales office and Cellulose Fibers presence in Europe.
 
Weyerhaeuser Company, a global forest products companies, has annual sales of $21.9 billion in 18 countries.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.