M-real, UPM-Kymmene, Metsäliitto Osuuskunta and Metsä-Botnia have divested the Kemiart Liners business operations of Metsä-Botnia into a company that will be independent of Metsä-Botnia and have the same shareholding structure as Metsä-Botnia. Metsä-Botnia is a chemical pulp resource company owned by M-real, UPM-Kymmene and Metsäliitto. Kemiart Liners is one of the world's leading producers of coated and uncoated kraftliner. Kemiart Liners's annual board producing capacity is 340,000 tonnes and the mill employs about 150 people in Kemi, Finland.
Pöyry Capital acted as the Exclusive Financial Advisor to Metsä-Botnia Oyj.