Tammiwood, part of the Tammiston Puu Ltd timber garden products manufacturing group, aims to start production at the Parkano-based Aurekoski mill in the autumn.
"Aureskoski mill complements our production network and enables a wider product range," said Markku Heinonen, Tammiwood’s managing director.
The UPM mill, which produced interior wood panels, closed last December.
The sale price has not been disclosed.