Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company. The investment is in line with Stora Enso’s growth strategy for mass timber building elements, enabling value-added, bespoke CLT (cross-laminated timber) solutions to its long-term French partners.
ACDF Industrie SAS works with all engineered wood products like CLT, Glulam and LVL (laminated veneer lumber) and manufactures them into various value-added products such as walls, floors or roof elements for residential and non-residential buildings, mainly for the French market.
“France is one of our priority markets for growth, with building regulations favouring sustainable, renewable materials and low carbon property development. This investment builds on Stora Enso’s capacity to produce CLT and LVL near sustainably managed forests, and ACDF Industrie´s readiness to further process our wood products into walls, floors and roofs near construction sites all over France. This partnership strengthens our market reach and position as a leading global provider of sustainable engineered wood products,” says Lars Völkel, Executive Vice President, Stora Enso’s Wood Products division.