MCF has acted as Financial Advisor to the owners of Junnikkala Oy on the announced sale to Stora Enso Oyj
Junnikkala Oy, a leading family-owned Finnish sawmill company that procures, processes, and manufactures wood products for the Finnish and export markets, has entered into an agreement to sell 100% of the company to Stora Enso Oyj, a publicly listed global provider of renewable products in packaging, biomaterials, and wooden construction. Junnikkala is in a strong position to continue its successful journey with Stora Enso as an experienced owner, supporting the company’s next stage of growth. The transaction will strengthen Stora Enso’s wood supply operations and reinforce its position in sawlog and pulpwood sourcing in the Baltic Rim wood market, thereby benefiting Stora Enso’s recent packaging board investment in Oulu.
MCF advised the owners of Junnikkala throughout the process and facilitated the complex transaction through our strong experience in the sector and our long-standing relationship with Junnikkala.
The Deal
After being managed for over 60 years as a family business, the current owners of Junnikkala have decided to sell the company to Stora Enso, a publicly listed global provider of renewable products in packaging, biomaterials, and wooden construction. With Stora Enso as the new owner, the family has ensured a stable successor that will continue to develop and drive the business forward. The acquisition of Junnikkala enables Stora Enso to secure a cost-efficient wood supply for its packaging board site in Oulu, Finland, and supports its wood products business with new production assets.
The Target
Junnikkala was founded in 1960 and is now a leading family-owned Finnish sawmill company that procures, processes, and manufactures wood products for both Finnish and export markets. Headquartered in Kalajoki, Junnikkala operates three sawmills in Finland, including its new state-of-the-art sawmill in Oulu. Junnikkala employs approximately 230 people, and the company’s revenue in 2023 was EUR 115 million.
About Stora Enso
Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 20,000 employees and their revenue in 2023 was EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).
Disclaimer
The transaction is subject to customary closing conditions including regulatory approvals.
