Stora Enso Consumer Board and Packaging Solutions

Redesigning the future with renewable packaging

09/30/2014

Powerflute buys Corenso

The Finnish packaging materials company Powerflute buys Stora Enso’s coreboard and core manufacturing business operations, Corenso. The signing of the agreement was announced today and the closing of the transaction is expected later this autumn.

See the Stora Enso press release

Powerflute is in a good position to further develop Corenso. This is a natural step in streamlining the business and transforming Stora Enso into a customer-focused renewable materials company in growth markets.

“We have now found a good new owner for Corenso who we believe can give the company the attention it deserves and develop it further. By divesting Corenso, Stora Enso can better focus on its strategic direction,” says Hannu Alalauri, SVP Packaging Solutions, Stora Enso Renewable Packaging.

Stora Enso will continue to be a customer to Corenso and all personnel including management will remain with Corenso.

About Corenso 
Corenso is one of the world’s leading integrated producers of high performance cores and high-quality coreboard. It employs about 920 employees in 10 countries in Europe, Asia and North America and has its head office in Lahti, Finland. In 2013 Corenso net sales were EUR 211 million.