Austria's Pfeifer acquired Finnish wood processing company, Pölkky Oy

Posted on December 26, 2022   |  

The Austrian Pfeifer Holding GmbH inked an agreement to obtain the Finnish wood processing company Pölkky Oy, which will make Pfeifer one of the leading European timber industry companies and prepares the producer to face global competition.

Pölkky employs 420 people and recently registered an annual turnover of 200 million Euros, and it plans to continue with its investment program as planned during the years 2022–2024.

The acquisition will increase the Pfeifer Group’s employees to 2,600 in 4 countries and forecast turnover will increase to 1.4 billion Euros in 2023.