We advise the shareholders on the sale of Junnikkala Oy to Stora Enso Oyj.
Junnikkala Oy is a leading family-owned Finnish sawmill company that procures, processes and manufactures wood products for domestic and export markets. Founded in 1960, the company has three sawmills in northern Finland; Kalajoki sawmill serves construction companies and carpentry industry, Oulainen sawmill specialises in small diametre logs, and a new state-of-the-art sawmill in Oulu started production at the end of 2023.
The announced transaction positions Junnikkala for continued growth, supported by Stora Enso’s experience and resources as a global provider of renewable packaging, biomaterials, and wooden construction, and aims to secure a cost-efficient wood supply to Stora Enso’s packaging board site in Oulu, and support Stora Enso’s wood products business with new production assets.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025.