31.07.2026
NewsKuhmo Oy and Juntinsalo Oy to become part of the binderholz Group
The shareholders of Kuhmo Oy and Juntinsalo Oy have agreed to sell the entire share capital of the companies to BINDER BETEILIGUNGS AG, a company belonging to the Austrian binderholz Group, on 31.07.2026. The completion of the transaction is subject to approval by the relevant competition authorities.
This corporate arrangement marks a significant new chapter in Kuhmo’s long-standing wood processing tradition and provides a strong foundation for the future growth, competitiveness, and international development of the companies. For decades, Kuhmo Oy has been one of Finland’s best-known sawmilling companies. The company has built a strong reputation as a producer of high-quality wood products and as a responsible employer and business partner. Juntinsalo Oy serves as the real estate company of the Kuhmo Group. Kuhmo processes over 1 million solid cubic meters of roundwood annually. Of the approximately 500,000 m³ of sawn lumber produced, 80% consists of pine and 20% of spruce. The sawmill generates annual revenue of approximately 150 million euros and employs 180 people.
Through the transaction binderholz continues to strengthen its position as one of the world’s largest sawn timber producers and a leading supplier of solid wood products.
A strong future for Kuhmo
The objective of the transaction is to strengthen the long-term competitiveness of Kuhmo’s sawmill operations. The parties see significant opportunities in production development, expansion of export markets, and the utilization of new wood-based products and solutions.
“As a result of this transaction, the future of Kuhmo Oy looks stronger than ever. With the new owner, the company will be better positioned to grow, invest, and strengthen its position in international markets,” says Tommi Ruha, Managing Director of Kuhmo Oy.
”The acquisition of Kuhmo Oy and Juntinsalo Oy will strengthen Binder’s footprint in the world’s best growing area for coniferous and is a clear commitment to our Finnish operations. Kuhmo Oy – together with our existing sites in Lieksa and Nurmes – secures our demand for high quality timber from our further processing units and further broadens Binder’s product offering and service to customers,” says Reinhard Binder, Chairman of the binderholz group of companies.
Employees
The transaction will not result in any changes to employment relationships. The employees of Kuhmo Oy will transfer to the new owner under their existing terms and conditions and their expertise is regarded as a key factor in the company’s future success. The acquisition is expected to create new opportunities for employees within an international operating environment and to strengthen the long-term continuity of jobs in Kuhmo.
Local impact and sustainability will continue
The binderholz Group shares Kuhmo Oy’s values regarding responsible forest management, sustainable wood processing, and long-term business development. The goal is to continue strong cooperation with local forest owners, contractors, transport companies, and other stakeholders.
The transaction is expected to strengthen the position of the entire Kainuu forest bioeconomy sector and enhance the region’s international visibility as a hub for the wood processing industry.
About binderholz
In the 1950s, Franz Binder Sen. turned his passion for wood into a profession. The Binder family has embodied this passion for three generations. Even today the Binder family still supports the brand name of binderholz. The vision, innovative strength, courage, and exceptional commitment of every single employee make binderholz a reliable full-service provider in the field of wood.
binderholz produces well thought-out solid wood solutions. Our responsible handling of this exceptional raw material, from seedling to full utilization based on the zero-wood-waste principle guarantees premium solid wood products and densified biofuels. Our solid wood products range from lumber, profiled timber, single and multi-ply laminated solid wood panels and glulam to binderholz CLT BBS. These are complemented by DIY products such as garden wood, construction wood, and multi-purpose boards as well as wooden pallets and customized packaging solutions. Waste wood from production is processed into densified biofuels, green electricity, pressboard pallets, and pressed pallet blocks.
Besides its original headquarters in Fügen, Austria, binderholz operates 60 other sites. Some 6,000 employees at Austrian, German, British, Latvian, Finnish and US sites share their passion for wood.
Press inquiries
Natalie Binder
Management binderholz
E-Mail: natalie.binder@binderholz.com
