Stora Enso sells Finnish timber housing arm
2 June 2016Stora Enso is to sell its Finnish pre-fabricated timber housing business at Hartola to wood products company Pyhännän Rakennustuote Oy.
In addition to the divestment agreement, Stora Enso and Pyhännän Rakennustuote have signed a partnership agreement, which aims to further increase the use of wood in construction.
“This transaction supports the growth of both companies,” said Jari Suominen, head of Stora Enso’s wood products division.
“We will continue providing Pyhännän Rakennustuote with massive wooden construction materials from classic sawn goods to elements such as cross laminated timber (CLT) and laminated veneer lumber (LVL).
“We will create a strong partner network to provide competitive offerings and to promote the use of wood in construction.”
In spring 2016 Stora Enso launched Building Systems by Stora Enso in Central Europe, with systems being launched in Finland and Scandinavia in the second half of 2016.
“With our newly launched Building Systems and the new LVL line in Varkaus complementing our existing product portfolio, we are ready to grow with our partners,” said Mr Suominen.
