04/12/2007 Finnforest improves its possibilities to serve DIY and merchant customers in France and at the Iberian Peninsula by acquiring the business of Gillet S.A., based in Casteljaloux, South-Western France. “Finnforest will now be able to offer its customers a broader product portfolio, more finishing alternatives and better logistical services in France and at the Iberian Peninsula,” says John Tong, head of Upgrading and Distribution Business Line. “Our long-lasting partnership and Finnforest's plans for developing the business made Finnforest an ideal partner to lead Gillet to the future,” says Philippe Gillet, the former owner of the company, founded by Edmond Gillet in 1889. Gillet's sales totalled 6 million euros in 2006, and it employs 57 people. With its annual production of 15 000 m3 of maritime pine, it is the 7th leading producer of maritime pine flooring and panelling in France. The share of exports is 10%, mainly to Spain. The agreement was signed on 30 November 2007. As of January 2008, Finnforest France will serve its customers at four sites: Honfleur (head office and distribution center), Boulleville (upgrading facility), Gennevilliers (Building Solutions and Solid Wood sales), and Casteljaloux (sawmill, maritime pine upgrading, distribution center). Further information: John Tong, head of Upgrading and Distribution Business Line, tel. +44 77 85 255 327 Johanna Kankkunen, head of Marketing and Communications Services, tel. +358 50 350 4005