Stora Enso has successfully acquired Junnikkala Oy for up to €137 million, enhancing its operations within the Finnish timber sector and expecting significant annual synergies.

Target Company Overview

The acquisition between Junnikkala Oy and Stora Enso Oyj has recently been finalized, with Stora Enso acquiring the entire share capital of Junnikkala Oy. The deal was approved by the Finnish Competition and Consumer Authority (KKV) in mid-April 2024, and the total value of the transaction is reported to be up to €137 million, contingent upon the achievement of specific production milestones.

Junnikkala operates sawmills in Kalajoki, Oulais, and Oulu, along with a processing unit in Kalajoki. These facilities will continue their operations under the Stora Enso umbrella, and all 230 employees of Junnikkala will transition to Stora Enso as existing employees. The company recorded a revenue of €161 million in 2024, integrating its operations into Stora Enso's Finnish timber procurement strategy.

Industry Overview in Finland

The Finnish forestry and wood processing industry is integral to the national economy, supporting both local employment and exports. Finland is known for its sustainable forestry practices, and the demand for timber products rem