2019 financial results for the company were lower than expected and the divestment initiative is part of Stora Enso’s strategy to concentrate on more profitable market sectors and developing integrated mills for wood products production.
With annual sales of around €40m and a KVH production capacity of 145,000 m3, the Pfarrkirchen Mill is well equipped with an existing team of personnel, but is a non-integrated, further processing mill. The new owner, Dubag Group, a specialist investment company based in Munich with interests in other manufacturing and infrastructure sectors, will place the mill within its LEO II – VV1 GmbH fund to give the mill the attention it deserves and ensure a long-term development.
