Pfeifer Group Acquires Pölkky Transaction Interview TRANSACTION INTERVIEW 75 About the Deal Lexia advised Austriaheadquartered wood processing company Pfeifer Group on its acquisition of Pölkky, its largest competitor in Finland. Kunz Wallentin also advised Pfeifer. Boasting four subsidiaries acquired during 2021, Pölkky employs around 420 people across its five Finnish locations and recently reported annual sales of €200 million. The company delivers wood products to customers across 35 countries, with around 70% of its wood products ultimately being exported. Pfeifer intends to retain the company’s management, staff and locations following the completion of the deal, which awaits regulatory approval. This will mean the retention of Petteri Virranniemi from the previous owning family as CEO. Pfeifer is a market leader in pallet blocks and formwork panels, as well as one of Europe’s largest producers of sawn timber, pellets, framework supports and glued laminated timber. The company employs around 2,200 people across its eight locations in Austria, Germany and Czechia, and projects post-acquisition sales of €1.4 billion in 2023. Prior to its acquisition of Pölkky, 90% of its sales have come from European markets. Lexia advised Pfeifer on corporate and M&A matters with a team comprising partner Samuli Koskela and counsel Olli Kotila. Legal Advisors to Pfeifer Group:
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