Image: Stora Enso
Stora Enso has completed the acquisition of Finnish sawmill company, Junnikkala Oy, announced in October 2024.
The acquired sawmills will be integrated with Stora Enso’s packaging board site in Oulu, Finland, and secure a cost-efficient wood supply to the site, where a new packaging board machine recently started ramping up production.
The total enterprise value for the transaction is up to EUR 137 million, a significant part of which is contingent upon achieving specific production milestones.
The acquisition is expected to gradually generate synergies of approximately EUR 15 million annually once Junnikkala’s new sawmill in Oulu is fully operational. The products of the Junnikkala sawmills will complement Stora Enso’s wood products portfolio.
Stora Enso’s annual wood procurement in Finland will increase by approximately 1.7 million m³ and the Group’s total sawmilling capacity by 700,000 m³.
