Stora Enso has completed the acquisition of the Finnish sawmill company Junnikkala Oy, with a total enterprise transaction value of €137 million (US$155 million). The acquisition aims to boost cost-efficient wood supply at its Oulu site in Finland, where a new packaging board machine recently started production. The consumer board line is estimated to have an annual capacity of 750,000 tons and is expected to break even by the end of 2025, reaching full capacity in 2027.
