Stora Enso has acquired Finnish sawmill company Junnikkala Oy for up to €137 million, enhancing its wood supply chain and sawmilling capacity to meet the rising demand for fiber-based packaging.

Target Company Overview

Stora Enso has successfully acquired Junnikkala Oy, a sawmill operator based in Finland, as part of a strategic initiative to enhance its wood supply chain and sawmilling capabilities. This acquisition was finalized with an agreement initially announced in October 2024 and is valued at up to €137 million. The integration of Junnikkala’s operations into Stora Enso’s facility in Oulu signifies a significant expansion in their production capabilities and aligns with the increasing global demand for fiber-based packaging solutions.

The Junnikkala sawmills will function within Stora Enso’s Oulu site, which is currently upgrading a packaging board machine to increase its production capacity. This operational consolidation aims to bolster efficiency and ensure a consistent supply of raw materials, catering to the growing needs of the company's packaging sector.

Industry Overview in Finland

Finland has a robust wood processing industry, driven by its abundant forest resources and advanced technology. The country remains one of the leading producers in the European wood products market, predominantly due to its sust