Stora Enso expands sawmill footprint in Finland

Stora Enso has completed the acquisition of Finnish sawmill company Junnikkala, adding 700,000 cubic metres of annual sawmilling capacity and boosting its wood procurement in Finland by 1.7 million cubic metres, the company said. The move strengthens Stora Enso’s position in the Nordic wood products market and supports integration with its Oulu packaging board site, where a new board machine is currently being ramped up. The company said the deal ensures a long-term, cost-efficient wood supply for its operations. The enterprise value of the transaction is up to €137 million, with a significant ...