Friday, May 2, 2025
In October 2024, Stora Enso announced that it had successfully acquired the Finnish sawmill company Junnikkala Oy. A new packaging board machine just began ramping up production at Stora Enso’s packaging board factory in Oulu, Finland, and the acquired sawmills will be connected with the site to ensure a cost-effective wood supply.
The purchase has a total enterprise value of up to EUR 137 million, much of which is dependent on reaching particular production milestones. It is anticipated that the acquisition will eventually result in synergies of about EUR 15 million per year if Junnikkala’s new sawmill in Oulu is fully operational. The wood products offered by Stora Enso will be enhanced by the Junnikkala sawmills’ output. Stora Enso will enhance its total sawmilling capacity by 700,000 m³ and its yearly wood procurement in Finland by about 1.7 million m³.
Since the forest is central to Stora Enso, the company thinks that anything that is currently made of fossil fuels can eventually be made from a tree. They are one of the biggest private forest owners in the world and the top supplier of renewable products for packaging, biomaterials, and wooden building. About 19,000 people worked for Stora Enso in 2024, and the company generated EUR 9 billion in sales. Shares of Stora Enso are traded on Nasdaq Stockholm AB (STE A, STE R) and Nasdaq Helsinki Oy (STEAV, STERV). Additionally, the shares are traded as ordinary shares (SEOAY, SEOFF, and SEOJF) and ADRs on the USA OTC Markets (OTCQX).
Read more news on: Stora Enso, sawmill, packaging, wood products, fossil fuels, wooden building
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