Stora Enso Oyj (HLSE:STERV) is seeking mergers and acquisition opportunities. During the company's 2022 Digital Capital Markets Day, Annica Bresky, Chief Executive Officer, said that “I'm happy to say that we are also delivering on our strategic road map to accelerate growth organically and through selective M&A. “In the next month, we will inaugurate our fourth CLT mill in Czech Republic, benefiting from both a close proximity to our biggest building solutions market and low-cost labor. With this latest ramp-up, we will achieve close to 500,000 cubic meters of Building Solutions capacity, making us a leader in the Building Solutions market.

And we continue to investigate further organic and M&A growth opportunities, too”. Seppo Parvi, Chief Financial Officer, said that “We have acquisition firepower even after the recent De Jong acquisition that increases our net debt to EBITDA ratio to 1.4. We can look for opportunities for further acquisitions in packaging and wood products to meet growth targets that both Hannu and Lars were referring to”.