Scanpole Oy has acquired the Savonlinna based company Pentti Heinonen Oy. Pentti Heinonen Oy is a major Finnish manufacturer of raw poles with its main markets in the United Kingdom, Ireland and Central Europe. Ownership of the company will be transferred to Scanpole Oy on 1 April 2025. The company’s business operations will continue unchanged in Savonlinna. The employees will continue to work for the company as old employees. Going forward, the current CEO Marko Heinonen will serve as procurement manager and production manager at Scanpole Oy Savonlinna plant.
Pentti Heinonen Oy’s revenue for the past financial year was approximately €2.5 million and it employs six people.
“The acquisition supports the Iivari Mononen Group’s strategy to be the market leader in the wooden pole market. The acquisition of Pentti Heinonen Oy makes it possible to expand the company’s own wood procurement to South Savo and South Karelia. We want to be a responsible and competitive wood buyer for the forest owners in the region for a long time,” says Ari Mononen, CEO of the Iivari Mononen Group.
“In the changing world situation, with increasing cost pressures in logistics and raw material procurement, we are considering different options for developing our operations and responding to future challenges. I am very pleased with the transaction, which is the best option to ensure the continuation of special wood processing in the Savonlinna economic area. Scanpole is a very strong and traditional player in the manufacture of poles, and it has extensive opportunities to develop and improve the operations in our region in the processing of pine poles and wood procurement,” says Marko Heinonen, CEO of Pentti Heinonen Oy.
Iivari Mononen Group is a Finnish family-owned group that includes: Scanpole: Pole and fencing post business and PrimaTimber: Construction timber business.
Further information:
Iivari Mononen Oy
Ari Mononen, CEO, +358 400 803 040 | ari.mononen@iivarimononen.fi
Scanpole Oy
Janne Monni, CEO, +358 400 210 512 | janne.monni@scanpole.com
Pentti Heinonen Oy
Marko Heinonen, CEO, +358 40 529 1995 | marko.heinonen@pheinonen.fi