"MacGregor is pleased with this agreement with Woodfield management who is buying the majority of the shares of the company. The agreement supports our strategy to focus on our core business and its development," says Pasi Lehtonen, Senior Vice President, Marketing, Business Development and Strategy, MacGregor. "This move also allows Woodfield to fully concentrate on their core business and supporting their customers."

The present 60 employees will all transfer with the agreement.