Lunawood continues the strategic growth by Stora Enso Uimaharju Finnish Thermowood Business Acquisition
Lunawood and Stora Enso have signed an agreement to sell the production assets related to Stora Enso Uimaharju Thermowood to Lunawood. This agreement will strengthen Lunawood’s position as the global market leader and forerunner in ecological Thermowood solutions.
“The asset purchase of Uimaharju Thermowood plays an important role in our strategic growth and supports our latest high technology investments”, says Lunawood CEO Arto Halonen.
“We are pleased to have come to an agreement with Lunawood as the buyer of our Uimaharju Thermowood production assets. We expect the Thermowood market to continue to grow and trust that we will continue to serve our Thermowood customers with products produced in our Launkalne mill in Latvia”, says Miikka Pesonen, Head of Sales, Stora Enso division Wood Products.
Stora Enso plans to run the production of Thermowood in Uimaharju until mid-July.
Lunawood and Stora Enso have also settled a raw material agreement in order to guarantee the availability of existing Uimaharju product portfolio from Lunawood. “With the raw material agreement, we can provide customers with the most comprehensive range of high quality Thermowood products based on Nordic raw material”, Arto Halonen continues.
For more information, please contact Mr. Arto Halonen, CEO of Lunawood, tel. +358 40 823 2877 or email [email protected]
Lunawood is the pioneer and global market leader of Thermowood. We love the forest, its untamed freedom and its incomparable strength. Our mission is to re-connect nature with people in urban environments. We bring the soothing effect of forest available to all.
Established in 2000, Lunawood employs 100 professionals in Finland, at production units in Iisalmi, Kaskinen and Joensuu, as well as at the Lahti head office and in main export markets. In 2018 Lunawood’s turnover was EUR 45 million.