We have advised Pölkky Oy, the largest privately owned wood processing company in Northern Finland, on its sale to Pfeifer Holding GmbH, a leading European forest industry company. Since its inception in 1968, Pölkky has been owned by the Virranniemi family. Pölkky has an annual production output of 700,000 m3 of sawn timber. The product portfolio includes sawn timber, planed timber, pressure-treated timber, glulam, chips and sawdust.
The Austrian family-owned Pfeifer Holding GmbH is a European market leader in shuttering panels and pallet blocks and one of the largest producers of sawn timber, pellets, formwork beams and glulam. The group’s fully integrated sawmills have annual production capacity of around 4 million m3. The key strategic rationale for the transaction is synergistic growth as well as diversification of Pfeifer Group’s operations.
