Since its inception in 1968, Pölkky has been owned by the Virranniemi family. As the largest wood processing company in private ownership in Northern Finland, Pölkky employs 420 people and most recently recorded an annual turnover of 200 million Euros. After the integration of Pölkky into the Pfeifer Group, it intends to continue with its investment programme for the years 2022-2024 as planned. The Pölkky brand, management and operations will remain untouched.
Michael Pfeifer, CEO of the Pfeifer Holding GmbH, reports that they are excited about the opportunities that this acquisition brings. He points out that Pölkky is well-managed family company with a competent management and staff, as well as a unique location in the heavily forested area of Northern Finland and a valuable market position. These are the reasons why Pölkky fits perfectly into the strategy of synergistic growth of Pfeifer Holding. The three-man management team of the Pfeifer Holding is comprised of CEO Michael Pfeifer, CTO Clemens Pfeifer and CFO Ewald Franzoi.
The CEO of Pölkky Oy, Petteri Virranniemi also emphasizes the deal benefits for him and his family. it represents an important step to strenghten the company's development potential, allowing Pölkky to continue to grow and make profits. He is confident that this deal creates new synergies and additional market potential.
The actual acquisition will take place after merger control approximately in January 2023.
Michael Pfeifer, CEO of the Pfeifer Holding GmbH, reports that they are excited about the opportunities that this acquisition brings. He points out that Pölkky is well-managed family company with a competent management and staff, as well as a unique location in the heavily forested area of Northern Finland and a valuable market position. These are the reasons why Pölkky fits perfectly into the strategy of synergistic growth of Pfeifer Holding. The three-man management team of the Pfeifer Holding is comprised of CEO Michael Pfeifer, CTO Clemens Pfeifer and CFO Ewald Franzoi.
The CEO of Pölkky Oy, Petteri Virranniemi also emphasizes the deal benefits for him and his family. it represents an important step to strenghten the company's development potential, allowing Pölkky to continue to grow and make profits. He is confident that this deal creates new synergies and additional market potential.
The actual acquisition will take place after merger control approximately in January 2023.
