Stora Enso is acquiring Finnish sawmill operator Junnikkala Oy in a move to secure a cost-effective wood supply for its packaging board site in Oulu, Finland. The acquisition, valued at up to €137 million (US$148 million), is expected to close in the first half of 2025. Junnikkala Oy specializes in sawn timber and processed wood products for domestic and international markets. Three sawmills are operating in Finland, including a new facility close to Stora Enso’s Oulu site. The sawmills will provide a long-term supply of raw materials, such as wood chips, pulpwood and internally sourced biomass.
