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 …