{"id":3424,"date":"2024-10-28T08:03:46","date_gmt":"2024-10-28T12:03:46","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3424"},"modified":"2024-10-28T08:03:46","modified_gmt":"2024-10-28T12:03:46","slug":"stora-enso-to-acquire-finnish-sawmill-company-junnikkala-for-e137m","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3424","title":{"rendered":"Stora Enso to acquire Finnish sawmill company Junnikkala for \u20ac137m"},"content":{"rendered":"


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The acquisition is set to strengthen Stora Enso\u2019s wood supply operations. Credit: Peter Kniez via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Renewable products company Stora Enso has agreed to acquire Finnish sawmill company Junnikkala to secure raw materials for its packaging board site in Oulu, Finland.\u00a0\u00a0<\/p>\n

The agreement will see Stora Enso taking over 100% of Junnikkala for up to \u20ac137m ($147m).\u00a0<\/p>\n

Junnikkala specialises in producing sawn timber and processed wood products for both domestic and international markets.\u00a0<\/p>\n

The acquisition includes three sawmills in Finland, one being an advanced facility located less than 10km from Stora Enso\u2019s Oulu site.\u00a0\u00a0<\/p>\n

The deal will allow the long-term supply of\u00a0raw materials such as wood chips, pulpwood, and biomass sourced internally from the sawmills to Stora Enso\u2019s integrated board site.\u00a0<\/p>\n

Subject to regulatory approvals, the acquisition is anticipated to be finalised in the first half (H1) of 2025.\u00a0<\/p>\n

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