Hiottu Oy has merged into Raute Corporation

Raute Corporation, Press release 8 January 2025 at 11.30 a.m. EET

Hiottu Oy has merged into Raute Corporation

Raute Corporation announced on 16 August 2024 that the company has decided to merge its wholly owned subsidiary Hiottu Oy into Raute Corporation. The background for the merger decision was to simplify the Group structure to increase business efficiency.

As planned, Hiottu Oy has merged into Raute Corporation on 31 December 2024.

FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 154 9393

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2023 were EUR 145.4 million. The Group’s headcount at the end of 2023 was 754. More information about the company can be found at www.raute.com.