Koskisen, press release on 27 April 2022 at 10:00 a.m.
Koskitukki Oy’s and Koskisen Oy’s Boards have registered the merger plan between the companies with the Finnish Patent and Registration Office. According to the plan, Koskisen Oy will merge with Koskitukki Oy, and after the merger the name of the new company will be Koskisen Oy. The business ID of the new company will be the current Koskitukki Oy’s business ID, 0148241-9.
The companies’ shareholders decided on the merger at the spring General Meetings on 26 April 2022. The technical preparations for the merger are underway, and the goal is to have the merger take effect on 31 May 2022, whereby the new merged company will start operating on 1 June 2022.
The merger being prepared will support Koskisen’s new brand and will harmonise its operations. The merger will simplify the company structure and bring immediate operative benefits, such as doing away with invoicing between the companies and simplifying transfer pricing.
The merger will not have personnel impacts. The personnel of the current Koskisen Oy will transfer to the new Koskisen Oy under their previous employment terms.
CFO Karri Louko
Koskisen is a more than a century old international wood processing expert known for its agility and ability to listen to the customer. We utilise our valuable wood raw material as thoroughly as possible, down to the last particle of sawdust. At the same time, we are carrying out the best carbon narrative: We manufacture high-quality sawn timber and panel products that store carbon for decades. The Group’s turnover in 2021 was EUR 311 million. Read more: koskisen.fi.