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(UPM Tilhill, Stirling, 20 July, 2012 at 13.00 GWT)
- As a result of a strategic review, UPM has decided to
sell the UPM Tilhill Landscape and Arboricultural
businesses.
The sale of these two business streams will allow
UPM Tilhill to focus their attentions solely on
strengthening their forestry and wood sourcing
activities in the UK and Europe.
UPM Tilhill is therefore pleased to announce that
the new owners of the Landscaping and Arboriculture
businesses are Ground Control Ltd, an award-winning
commercial landscaping company based in Essex.
It has been mutually agreed by both parties not
to disclose the purchase price.
Steve Lavery, Managing Director, UPM
Tilhill said: "We are delighted about the
announcement and are confident that Ground Control Ltd
are the ideal company to develop and take the
businesses forward."
Simon Morrish, Chief Executive
Officer, Ground Control Ltd said: "As a national
company dedicated to landscaping and grounds
maintenance, Tilhill's Landscaping and Utility
divisions fit perfectly with our strategy and core
business. We would like to offer a warm welcome to the
UPM Tilhill staff and look forward to a successful
future for the Landscaping and Arboriculture
businesses".
The priorities for the management teams from both
UPM Tilhill and Ground Control Ltd will be to ensure
full continuity of service to customers and suppliers
in addition to a smooth transition for the 160 staff
affected by the sale.
The sale will also see UPM Tilhill fully aligning
with UPM's 'Biofore' business objectives
therefore enabling full utilisation of the parent
company's significant resources and support in the
future development of UPM Tilhill.
For further information please
contact:
Sarah Clay, Head of Marketing and Communications,
UPM Tilhill: Tel: 01892 860842 or Mob: 07768 238
815
Steve Lavery, Managing Director, UPM Tilhill: Tel:
01786 435000
Risto Laaksonen, Vice President, Wood Sourcing, Central
Europe, UPM Tel: +358 40 55 45 701
Simon Morrish, Chief Executive Officer, Ground Control
Ltd:
Tel: 01277 650 697 Mob: 07775 822852
UPM Tilhillis the UK's largest
timber harvesting and forest management company operating
through a network of strategically placed offices
throughout Great Britain. The company provides a full
range of consultancy and contracting services to the
forest owner and forestry investor. After the sale of the
Landscaping and Arboriculture Businesses to Ground
Control, UPM Tilhill employs approximately 190 people.
Further information is available on the company's
website at: www.upm-tilhill.com
UPMleads the integration of the bio and
forest industries into a new, sustainable and
innovation-driven future. UPM's products are made
of renewable raw materials and are recyclable. UPM
consists of three Business Groups: Energy and Pulp,
Paper, and Engineered materials. The Group employs
around 24,000 people and has production plants in 16
countries. UPM's annual sales exceed EUR 10
billion. UPM's shares are listed on the Helsinki
stock exchange.
UPM - The Biofore Company - www.upm.com
Ground Controlinitially established
itself as a grounds maintenance specialist nearly 40
years ago. Since then, significant growth has come from
winning large contracts with major national companies
such as Tesco, B & Q and Royal Mail to name but a
few.
Diversification has been the key to success and
the company is now regarded as an award winning
commercial landscaping company.
Outstanding service delivery has been the
linchpin of the business which today means the company
can boast an overall 99.2% annual client site retention
figure along with a healthy and consistent 20% annual
growth rate.
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