Sorainen has advised Livonia Partners and its portfolio company Thermory AS on the acquisition of a majority share in Siparila Oy, a Finnish wood-processing company specializing in exterior and interior panels and cladding.
Thermory is an Estonian wood-processing company that produces solid wood floors and terraces, lining boards, and sauna materials using thermal processing technology. It is the world’s largest producer of thermally processed wood and sauna materials. Siparila is a producer of high-quality wood materials.
According to Sorainen “this new add-on investment creates a group with more than EUR 100 million in revenues, and with manufacturing and sales capability in key regions internationally.”
The Sorainen team included Partner Toomas Prangli, Senior Associate Juulika Aavik, and Associate Robin Teever.
Sorainen did not reply to our inquiry on the matter.