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UPM to spin off WISA Group for plywood business

PRIVATEAug 31, 2026•2 days ago

Acquiring Company

UPM-Kymmene Corporation

Acquired Company

WISA Group Plc

HelsinkiHelsinkiEnergyRenewable EnergyManufacturingMining

Description

UPM-Kymmene Corporation's shareholders approved the demerger of the UPM Plywood business into a new independent company called WISA Group. This transfer is expected to complete by October 31, 2026, with WISA shares commencing trading on November 2, 2026. The demerger is part of UPM's strategy to enhance focus on its plywood operations and governance.

Company Information

Company

UPM-Kymmene Corporation

Location

Helsinki, Uusimaa, Finland

About

UPM-Kymmene Corporation is a leading company delivering renewable and responsible solutions, and innovating for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. The company is committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change.

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Frequently asked

Who acquired WISA Group Plc?

WISA Group Plc was acquired by UPM-Kymmene Corporation, based in Helsinki. The deal was reported on August 31, 2026. UPM-Kymmene Corporation is privately held and operates in Energy.

When did UPM-Kymmene Corporation acquire WISA Group Plc?

UPM-Kymmene Corporation's acquisition of WISA Group Plc was reported on August 31, 2026. UPM-Kymmene Corporation's shareholders approved the demerger of the UPM Plywood business into a new independent company called WISA Group. This transfer is expected to complete by October 31, 2026, with WISA shares commencing trading on November 2, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WISA Group Plc do?

WISA Group Plc is a newly formed independent company that will take over UPM's plywood business following a strategic demerger. The company aims to specialize in plywood production and enhance its market focus. It is privately held, operating in Manufacturing, and is based in Helsinki.

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