Stora Enso to acquire Junnikkala for €137m.

Stora Enso, a Finnish and Swedish forest industry company, agreed to acquire Junnikkala, a Finnish sawmill company, for €137m. "We are preparing for the start-up of our new converted packaging board line in Oulu and this acquisition will establish a solid foundation for our wood procurement. It will also further enhance operational efficiency and optimise the Oulu production site and sawmills as an integrated unit, while also strengthening our wood products offering," Hans Sohlström, Stora Enso President and CEO.