Powerflute Oyj

22.12.17, Lesprom Network

Mondi Group signs an agreement to acquire Powerflute

Mondi Group has signed an agreement to acquire 100% of the outstanding shares in Powerflute Group Holdings Oy, a division of Nordic Packaging and Container Holdings, for a total consideration of Euro 365 million on an enterprise value basis. Powerflu... Read All

06.09.17, Lesprom Network

Savon Sellu changing its name to Powerflute Oy

The premium semi-chemical fluting producer Savon Sellu Oy will be known as Powerflute Oy. Powerflute® is the brand name of the premium semi-chemical fluting produced at the Savon Sellu mill in Kuopio, Finland, as the company says in the press release... Read All

16.12.16, Lesprom Network

Powerflute to open sales office in Italy

Powerflute established a sales office in Italy. Powerflute Italia S.r.l. is located in Gallarate in the Province of Varese. While Powerflute Italia S.r.l. already has been established, the physical office facility will become operational in early 201... Read All

21.11.16, Lesprom Network

Powerflute to purchase 47.4% of the shares of Harvestia Oy

Powerflute Oyj has entered into a conditional agreement to purchase 47.4% of the shares of Harvestia Oy, the wood supply company in which it already has an interest of 47.4%, from Vapo Oy for cash consideration of Euro 1.1 million.The transaction rem... Read All

04.11.16, Lesprom Network

Powerflute to purchase 47.4% of the shares of Harvestia Oy from Vapo

Powerflute Oyj has entered into a conditional agreement to purchase 47.4% of the shares of Harvestia Oy ("Harvestia"), the wood supply company in which it already has an interest of 47.4%, from Vapo Oy for cash consideration of Euro 1.1 million.The t... Read All

28.03.16, Lesprom Network

Powerflute FY 2015 revenues increased to Euro 357.2 million

Revenue from continuing operations increased to Euro 357.2 million (2014: Euro 150.1 million), including revenues from the recently acquired Coreboard and Cores of Euro 213.2 million and revenues from Packaging Papers of Euro 144.1 million, as th... Read All

01.02.16, Lesprom Network

Powerflute's non-executive director Dermot S Smurfit resigns

 Powerflute Oyj announces that Dermot S Smurfit has resigned from his position as a non-executive Director of the Company with immediate effect.Mr. Smurfit recently relocated to the United States in connection with his role as Chief Executive of... Read All

21.12.15, Lesprom Network

Powerflute terminates discussions with Madison Dearborn

 On 10 December 2015 Powerflute Oyj had received a preliminary proposal from Madison Dearborn Partners, LLC regarding a possible offer for the entire issued and to be issued share capital of the Company (the "Proposal").Following evaluation of t... Read All

28.05.15, Lesprom Network

Powerflute appoints Wolf-Dieter Baumann as non-executive director

Powerflute Oyj appoints Wolf-Dieter Baumann as a Non-Executive Director of the Company at the Annual General Meeting of shareholders held in Kuopio, Finland on May 28, 2015, as the company said in the press release received by Lesprom Network. ... Read All

14.04.15, Lesprom Network

Powerflute’s FY 2014 revenue increased by 16% to Euro 150.1 million

Powerflute’s FY 2014 revenue from continuing operations increased by 16% to Euro 150.1 million, and included revenues of Euro 15.8 million from the newly acquired Coreboard and Cores activity, as the company said in the press release received by ... Read All

13.01.15, Lesprom Network

Powerflute provides trading updates for 2014

 Powerflute Oyj provides the following update on trading for the year ended 31 December 2014. The Group continued to perform well during the second half of the year and before exceptional expenses relating to the acquisition of Corenso, pe... Read All

02.12.14, Lesprom Network

Powerflute completes acquisition of Stora Enso core and coreboard unit Corenso for Euro 90 million

Powerflute Oyj completes acquisition of Corenso, an international producer of cores and coreboard. The price agreed for the purchase of Corenso, on a cash free and debt free basis, with normalised working capital and before taking account of the ... Read All

01.12.14, Lesprom Network

Stora Enso completes the divestment of its coreboard and core manufacturer Corenso

Stora Enso has completed the divestment of its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. The enterprise value of the transaction is approximately Euro 90 million, and the all cash consideration approxi... Read All

30.09.14, Lesprom Network

Stora Enso sells its coreboard and core manufacturer Corenso to Powerflute

Stora Enso has signed an agreement to divest its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. The enterprise value of the transaction is approximately Euro 90 million, and the expected all cash considerat... Read All

08.05.14, Lesprom Network

Powerflute appoints Maria Teresa Aliu Presas as Non-Executive Director

Powerflute Oyj appoints Maria Teresa Aliu Presas as a Non-Executive Director of the Company following the Annual General Meeting of shareholders held in Kuopio, Finland, as the company said in the press release received by Lesprom Network. ... Read All

27.03.14, Lesprom Network

Powerflute 2013 revenue up 14.4% to Euro 129.4 million

Powerflute Oyj announces its preliminary results for the year ended 31 December 2013. The Group has made significant progress over the last twelve months, delivering solid growth in revenues and a significant increase in operating margins and pro... Read All

Back to top