Closed: acquisition of Puumerkki
HELSINKI & STOCKHOLM (NOVEMBER 1, 2017). MIMIR INVEST AB, a global investment firm acquiring non-core business units of larger corporations as well as private companies that need operationally oriented ownership, announced today that it has signed and closed the acquisition of Northern European building product wholesale and distribution company Puumerkki from Stora Enso.
Headquartered outside Helsinki, Puumerkki is a leading wholesale and distribution chain specialized in wood based products serving the construction, merchant, wood and sheet using industries. Puumerkki has the widest logistics offering in the Finnish market covering direct mill deliveries, logistics center deliveries and terminal services with 13 outlets across Finland and Estonia. Puumerkki boasts a 70 year legacy of excellence distributing wood products in and around Finland. In 2016 the company had c. EUR 160 million (SEK 1,500 million) of Revenue.
Puumerkki CEO Petrus Berg said MIMIR and Puumerkki is a great fit. “We are excited on behalf of our customers and partners. MIMIR’s focus on operational excellence, the track record of its team and commitment to investing in its companies will fuel the plans for growth at Puumerkki”, said Mr. Berg.
“Puumerkki distributes sustainable and renewable building materials, is a well-established operation with a proven management team and maintains excellent relationships with its customers”, said Jeff Bork, incoming chairman of Puumerkki. “We are impressed by Puumerkki, its focus on customer service and its committed employees, and look forward to building further on this solid foundation for growth together with Petrus Berg (CEO) and his team”, he continued.
The investment in Puumerkki is MIMIR’s third since inception less than one year ago.
For any inquiries about the transaction, MIMIR or Puumerkki, please contact:
Joakim Notö, Managing Partner, +46 (0) 739 86 36 37, email@example.com