IKEA Industry has signed an agreement to divest IKEA Industry Latvia and 50 % of Incukalns Timber to Rettenmeier Baltic. IKEA Industry Latvia owns and operates a saw mill in Latvia and Incukalns Timber supplies the saw mill with logs.

IKEA Industry was advised by Mannheimer Swartling in the transaction. The firms team was lead by Lars Kongstad assisted by Erik Hensfelt.