Lunawood to acquire Metsä Wood's ThermoWood business in Kaskinen, Finland

Market: Lumber / Panels
Posted June 10, 2016
Lunawood will acquire the entire ThermoWood business of Metsä Wood, located in Kaskinen, Finland, as the company says in the press release received by Lesprom Network.

As a result of this business purchase, the annual capacity of thermowood production for Lunawood will increase from 81, 000 cubic metres to 105,000 cubic metres. The combined annual turnover of Oy Lunawood Ltd and the Metsä Wood ThermoWood business will be around Euro 40 million in 2016, and the company will employ a total of 83 people.

The number of Lunawood personnel will grow through this business purchase. All of the 11 employees of the Kaskinen production facility will join Lunawood as established employees. A project to clarify the roles of each production facility and update the company strategy will begin immediately.

This business purchase will strengthen Lunawood’s position as a global market leader and forerunner in ecological thermowood solutions.



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