Raute Corporation, one of the leading makers of veneer, plywood and LVL technologies has decided to merge its wholly owned subsidiary Hiottu Oy into Raute Corporation. They have announced regarding the acquisition on August 16. The background for the merger decision was to simplify the Group structure to increase business efficiency.
As planned, Hiottu Oy has merged into Raute Corporation on December 31, 2024.
Raute is a global leader in providing cutting-edge technologies and services to the wood industry, with a focus on sustainable and efficient production processes. Its comprehensive service portfolio spans from spare parts to maintenance and modernisations. The company’s innovative hardware and software solutions are designed to help customers optimise resource use.
In large-scale mill projects, Raute holds a prominent position in the plywood and LVL (Laminated Veneer Lumber) sectors. The company is headquartered in Lahti, Finland, with additional production facilities in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and Pullman, Washington, USA.
Read more news on: Raute, plywood, LVL, woodworking technology, sustainability, woodworking production
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