Binderholz Group has agreed the acquisition of the entire share capital of leading Finnish sawmiller Kuhmo Oy. The transaction, subject to approval by the relevant competition authorities, would see Binder take on ownership of the 500,000m3 sawn timber capacity Kuhmo mill, as well as Juntinsalo Oy which serves as the real estate company of the Kuhmo Group. The purchase would be made by Binder Beteiligungs AG, a company belonging to the Binderholz Group. Kuhmo processes over 1 million solid cubic meters of roundwood annually, with 80% of sawn timber produced being pine and 20% spruce. The sawmill generates annual revenue of approximately €150m and employs 180 people. …The parties see significant opportunities in production development, expansion of export markets, and the utilization of new wood-based products and solutions.