We are pleased to announce the completion of the acquisition of Stora Enso’s Näpi sawmill. The transaction includes all land and buildings used by the former Näpi sawmill, as well as equipment related to wood processing, excluding lumber machinery.
This strategic acquisition allows us to significantly increase our production capacity, providing growth opportunities in international export markets and creating jobs for local residents.
“The situation in the wood sector has posed various challenges in recent years, but we believe in long-term growth in wood utilization. Expanding our capacity in woodworking, both in planing and painting, will help strengthen our position in existing markets and win new ones. We have a strong team that will also support the launch of the new factory,” – Eveli Opmann, CEO of Puidukoda OÜ, said.
Bertrand Yraeta, CEO of France’s Groupe Rose, owner of Puidukoda OÜ, said: “The investment is being made under difficult market conditions, but above all with a long-term perspective in mind. Estonia has a certain advantage due to its location, as wood grows in the region and is exported around the world.”
“The decision to close the Näpi sawmill was announced in June 2023 as one of several measures to improve the long-term competitiveness and profitability of the Stora Enso Group. We are very pleased to have reached an agreement with Puidukoda, which will give the sawmill the attention it deserves and ensure long-term business development,” said Lars Völkel, Executive Vice President, Stora Enso Wood Products Division.
This strategic acquisition is of key importance to Pidukoda Polska sp. z o.o., as it enables a significant increase in our production capacity and access to more raw material. As a result, we will be able to meet the needs of our customers in the Polish market more effectively, improving our competitiveness and industry position. Expanding our production capacity in woodworking, both in planing and painting, is an important step in our growth strategy, and confirms our commitment to the long-term development of the wood sector. We are confident that this joining of forces will enable us to more effectively meet market challenges and achieve our business goals.
