Binderholz acquires Finnish planing and glulam mill

The purchase, signed on February 20 and to be closed on March 31, is intended to further extend Binderholz’s position in the further processing of timber on the global market.

The agreement involves the Anaika Wood Group’s entire workforce of 36 employees transferring and being integrated into Binderholz Nordic Oy.

Binderholz will acquire the entire plant and machinery, consisting of two planing lines, a finger jointing machine, band saw, glulam press, stacking machine and drying chambers.

The existing production capacity will be gradually increased by establishing a continuous three-shift operation, with other improvements being planned in the medium term.

It will be predominantly target at non-European markets, including Japan, China and the US. In future, it will primarily machine pine slats from its Nurmes plant into glulam and also produce a range of planed spruce and pine products.

This acquisition will take Binderholz a further step closer to becoming a full-range supplier for the Asian and US-American market.

Planed timber production will increase to 220,000m³ and glulam production to 50,000m³ per year with a three-shift operation.

Binderholz Group’s volume of further processed planed and glued solid timber products will increase to approximately 1.2 million m3 per year.