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Metsä Board Oyj, previously known as M-real Corporation, is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. It was originally established by G.A. Serlachius, and named Metsä-Serla (Forest Serla). Metsä Board is part of Metsä Group, one of the largest forest industry groups in the world.

On 29 September 2008, M-Real sold four of its paper mills to South African company, Sappi.[2][3]

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