Merilampi represented Versowood Oy in its acquisition of Vapo Timber Oy’s Hankasalmi sawmill and timber business. Versowood Oy is the largest private producer of sawn timber in Finland, and the transaction further strengthens its position in the timber market.

Versowood’s and Hankasalmi sawmill’s total combined turnover in 2013 was over EUR 330 million and is predicted to exceed EUR 350 million in 2014. Following the transaction, Versowood now employs nearly 800 people.