We acted as the legal advisor to Lunawood in its acquisition of the thermowood business from Metsä Group. In connection with the business transfer Lunawood and Metsä Group also concluded a multi-year contract for cooperation in thermowood raw material deliveries.
The combined annual turnover of Lunawood and the Metsä Wood thermowood business is expected to be around 40 million euros in 2016, and the company will employ a total of 83 people.
Lunawood is an international market leader in thermowood products with production facilities in Iisalmi, Joensuu and Kaskinen, and a head office in Lahti, Finland as well as global sales functions in Russia, France, Singapore and Japan. Growing export sales account for over 90 % of the production of Lunawood. Thermowood produced in the ecofriendly method of Lunawood is dimensionally stable, weatherproof, has no resin and is non-toxic.
Lunawood is majority-owned by funds managed by CapMan.