Stora Enso has completed its acquisition of Finnish sawmill company Junnikkala, adding 700,000 m3 to its total sawmilling capacity and increasing its annual wood procurement in Finland by 1.7 million m3. The sawmills will be integrated with Stora Enso’s packaging board site in Oulu, supporting the ramp-up of a new board machine and securing long-term, cost-efficient wood supply, according to Stora Enso.
The enterprise value of the deal is up to Euro 137 million, with a significant portion contingent on production milestones. Once Junnikkala’s new sawmill in Oulu becomes fully operational, the acquisition is expected to deliver annual synergies of approximately Euro 15 million. The sawmills’ product mix will enhance Stora Enso’s existing wood products portfolio.
