The acquisition is expected to gradually generate synergies of approximately 15 million Euros annually once Junnikkala’s new sawmill in Oulu is fully operational
Stora Enso has completed the acquisition of the 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 137 million Euros, a significant part of it being contingent upon achieving specific production milestones.
The acquisition is expected to gradually generate synergies of approximately 15 million Euros 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 (cubic meters) and the Group’s total saw-milling capacity by 700,000 m³.Â
Stora Enso is a provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world.
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