News

Lagata Strengthens Its Forestry Portfolio Through the Acquisition of Miro Forestry

July 2025

Lagata acquires a majority stake in Miro Forestry, a UK-headquartered company backed by existing shareholders including BII, Finnfund, DFC, FinDev Canada, FMO, and Aqua Ventures. Miro operates in sustainable forestry and plywood manufacturing, with large-scale operations in Ghana and Sierra Leone. This acquisition marks a significant step forward in advancing sustainable forestry practices across Sub-Saharan Africa.

As a company focused on responsible growth in emerging markets, Lagata sees sustainable forestry as a vital engine for economic opportunity, environmental resilience, and regional development.

A Shared Commitment to Sustainable Value Creation

Both Lagata and Miro bring complementary strengths to the African forestry ecosystem. Lagata invests in high-impact businesses that deliver measurable social, economic, and environmental benefits while driving long-term value. Miro Forestry manages large sustainable timber plantations and operates integrated plywood manufacturing facilities that supply global markets with responsibly produced, high-quality products.

Miro’s vertically integrated model—from plantation development to finished plywood—aligns seamlessly with Lagata’s mission to support businesses that combine strong commercial performance with meaningful contributions to sustainable development.

Driving Long-Term Impact Across West Africa

Through this acquisition, Lagata aims to accelerate Miro’s ability to scale its operations and deepen its impact across the region. The investment will enable Miro to:

• Expand sustainable timber production capacity
• Enhance manufacturing efficiency
• Strengthen supply chains for global markets
• Continue supporting responsible land use practices
• Sustain long-term employment opportunities
• Engage more deeply with local communities

By reinforcing Miro’s operational and financial resilience, Lagata is helping secure thousands of livelihoods across Ghana and Sierra Leone while supporting the growth of a professionally managed and environmentally responsible forestry sector.

Looking Ahead: Building a Resilient Future for African Forestry

Lagata is committed to being a long-term partner in strengthening West Africa’s timber industry. This acquisition reflects our broader vision to back ambitious, impact-driven enterprises that play a critical role in shaping the future of sustainable industries across emerging markets.

As Miro continues delivering high-quality, sustainably produced timber products to customers worldwide, we are proud to support the company in building a more resilient, competitive, and environmentally responsible forestry sector for the future.