UPM and Versowood Finalize Partnership
Key highlights
Partnership Finalization
The strategic partnership between UPM and Versowood, announced in September 2025, has been finalized following regulatory approvals. The agreement came into effect on December 31, 2025.
Resource Exchange
Under the agreement, UPM will receive high-quality pulpwood and sawmill by-products from Versowood. This exchange will bolster UPM's wood supply for its pulp mills, addressing the tight Finnish wood market.
Asset and Share Transfer
As part of the deal, UPM's Korkeakoski sawmill has been transferred to Versowood's ownership. In return, UPM has acquired a minority shareholding in Versowood.
Log Supply Arrangement
UPM will supply logs sourced through its own wood procurement to Versowood's sawmills, ensuring a steady supply chain for both companies.
Source: UPM