The pressure treated lumber industry in the Nordics focuses on enhancing wood's longevity and resistance to pests and rot through specialized chemical treatments. Companies in this sector range from established timber producers to innovative startups, often utilizing advanced technology for sustainable practices and production. As demand for environmentally friendly construction materials grows, the industry is adapting by exploring new treatment methods and by investing in eco-certification processes. Also, the trend toward green construction is sparking exciting collaborations, ensuring that pressure treated lumber remains pivotal in modern building projects throughout the region.


The landscape of investment in the Nordic pressure treated lumber sector showcases a blend of corporate and private equity players. Prominent investors, such as STARK Group and FSN Capital Partners, come from various backgrounds, with headquarters spanning Denmark, Norway, and Finland. Founded between 1896 and 2009, these investors comprise firms of differing sizes, from boutique private equity groups with a handful of employees to vast corporations that employ thousands. In 2024, the collective activity included multiple deals across these firms, reflecting a robust interest in the evolving lumber market and highlighting transformational investments set to shape the industry's future.


Top 11 Pressure Treated Lumber Investors in the Nordics


1. FSN Capital Partners

  • Website: fsncapital.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: fsn-capital

FSN Capital Partners is a private equity investment firm based in Oslo, Norway, founded in 1999. The firm specializes in managing investments across various sectors, including services, green transition, industrials, and technology. FSN Capital has a notable track record in the wood and panel manufacturing sector, having acquired Fibo-Trespo and Respatex International from Byggma Group in a corporate spin-off valued at NOK 440.6 million in 2015. These acquisitions highlight their interest in companies that may produce pressure treated lumber products. Additionally, FSN Capital's commitment to sustainable returns aligns with the growing demand for environmentally friendly building materials, further supporting their relevance in the pressure treated lumber industry.


2. STARK Group

  • Website: starkgroup.dk
  • Type: Corporate
  • Headquarters: Frederiksberg, Frederiksberg, Denmark
  • Founded year: 1896
  • Headcount: 10001+
  • LinkedIn: stark-group-a-s

STARK Group is a prominent building materials distributor based in Frederiksberg, Denmark, founded in 1896. With over 10,000 employees, the company serves professional builders across Europe, offering a wide range of heavy construction materials, including timber and eco-labelled products. STARK Group has been actively expanding its market presence through strategic acquisitions. Notably, they acquired Treprodukter Øst AS, a specialist supplier of mouldings and profiles, which enhances their timber offerings. Additionally, their acquisition of XL-Byg Allinge Byggemarked & Trælasthandel A/S further solidifies their position in the timber market in Denmark. Their commitment to sustainability and providing builders with insights and product knowledge supports their role in the pressure treated lumber industry.


3. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clientele across various sectors. Notably, they have made significant investments in the building materials sector, including the acquisition of Lunawood, a leader in thermally modified timber, which has seen substantial revenue growth. This acquisition highlights their commitment to the wood industry and positions them as a relevant player in the pressure treated lumber market. Other transactions include the acquisition of STENI AS, a façade panel company, and S:t Eriks, further demonstrating their active role in the building materials space.


4. Kesko - K-Group

  • Website: kesko.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1940
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: kesko

Kesko - K-Group is a prominent retail company based in Helsinki, Finland, founded in 1940. It operates across multiple sectors, including grocery, construction, and automotive, providing a diverse range of products to consumers and businesses. In recent years, Kesko has made strategic acquisitions to strengthen its position in the construction materials market. Notably, they acquired Davidsens Tømmerhandel in August 2023 for approximately $184.7 million, which directly ties them to the lumber industry. Additionally, their subsidiary Byggmakker Handel AS acquired Carlsen Fritzøe Handel AS, a building and home improvement trade company, enhancing their market presence in Norway. These transactions highlight Kesko's commitment to expanding its footprint in the construction and lumber sectors, making them a relevant player in the pressure treated lumber market.


5. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is a private equity investment management firm based in Helsinki, Finland, founded in 1989. The firm specializes in private equity, real estate, infrastructure, and natural capital investments, serving institutional investors with diverse strategies aimed at sustainable returns. Notably, CapMan has expanded its focus into the timber sector through its acquisition of Dasos Capital Oy, an asset management company that specializes in sustainable timberland investment, enhancing its assets under management significantly. This acquisition reflects CapMan's commitment to natural capital investments and positions them as a player in the timber industry. Additionally, their past acquisitions, such as Walki Group Oy, further demonstrate their engagement in sectors that may intersect with the pressure treated lumber market.


6. Metsä Spring

  • Website: metsaspring.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: metsaspring

Metsä Spring is a corporate investor based in Espoo, Uusimaa, Finland, founded in 2018. It is part of Metsä Group, a prominent forest industry company that specializes in producing renewable wood products, including pulp, paperboard, and tissue papers. Metsä Group serves various sectors, including construction, which is closely related to the pressure treated lumber market. In 2023, Metsä Spring led a €3 million funding round for Fiberwood, a Finnish startup focused on developing wood-based products, which aligns with the interests of the pressure treated lumber industry. Additionally, they have participated in other funding rounds for companies like Woodio, which also operates within the wood product space. These transactions highlight Metsä Spring's active role in supporting innovation and development in the wood industry, making them a relevant investor in the context of pressure treated lumber.


7. Valve Ventures

  • Website: valveventures.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: valve-ventures

Valve Ventures is a corporate investor based in Helsinki, Uusimaa, Finland, founded in 2007. The firm specializes in supporting innovations in technology and collaborates with businesses to facilitate change and solve problems through clear solutions. In recent years, Valve Ventures has been involved in several notable transactions within the construction tech sector, particularly focusing on sustainable wood products. For instance, they participated in a funding round for Aisti, a Finnish startup that develops wood fibre-based acoustic tiles, which are carbon negative and recyclable. Additionally, Valve Ventures has invested in Woodio, a company that creates innovative wood products, and Betolar, which is focused on sustainable construction materials. These transactions highlight Valve Ventures' commitment to advancing technologies that could be relevant to the pressure treated lumber industry.


8. Addtech Customised Solution


Addtech Customised Solution is a corporate investor based in Stockholm, Sweden, specializing in high-tech products and services for the manufacturing and infrastructure sectors. Founded in 1906, the company operates through a decentralized model with 150 independent group companies, focusing on sustainable growth and entrepreneurship. In recent years, Addtech has made significant investments in the wood industry, including the acquisition of 86% of Valutec Group AB, a leading manufacturer of timber kilns, which has annual sales of approximately SEK 350 million. This acquisition, announced on February 21, 2020, highlights Addtech's commitment to enhancing its portfolio in the timber processing sector. Additionally, their acquisition of 80% of Nordautomation Oy, a Finnish company specializing in log handling equipment for the wood industry, further solidifies their involvement in the wood sector. These strategic investments position Addtech as a key player in the supply chain related to pressure treated lumber.


9. Investinor

  • Website: investinor.no
  • Type: Venture Capital
  • Headquarters: Trondheim, Trøndelag, Norway
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notably, Investinor has been involved in significant transactions in the wood treatment sector, particularly with Kebony, which raised EUR19.05 million in 2015 to fund a new factory in Belgium, and $4.85 million in 2014. These investments highlight Investinor's commitment to supporting innovative companies in the wood industry, particularly those focused on sustainable and treated wood products.


10. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. The firm specializes in supporting early-stage entrepreneurs in building global, category-defining companies. They provide venture capital investment, strategic support, and networking opportunities to startups across various sectors, including fintech and health tech. In 2022, Creandum co-led a €5.8 million seed funding round for Timberhub, an Amsterdam-based B2B platform for timber materials, which aims to accelerate engineering growth and drive digital transformation in the timber industry. This investment highlights Creandum's engagement in the timber sector, aligning with interests in pressure treated lumber. In 2024, they also participated in a Series A funding round for Plancraft, although this transaction is less relevant to the lumber industry. Overall, Creandum's activities demonstrate a commitment to nurturing companies that can impact the timber market.


11. Almi Invest

  • Website: almiinvest.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2009
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: almi-invest

Almi Invest is a venture capital firm based in Stockholm, Sweden, founded in 2009. It specializes in providing loans and risk capital to small and medium-sized enterprises (SMEs) in Sweden, along with business development support and strategic guidance to help these businesses grow sustainably. In recent transactions, Almi Invest has participated in funding rounds for companies like Ecohelix and Modvion. Ecohelix, which raised funds in 2021 and 2022, focuses on sustainable solutions, while Modvion, which raised significant funding in 2023 and 2024, is developing wooden wind turbine towers. This involvement in companies that utilize wood in innovative ways highlights Almi Invest's potential relevance to the pressure treated lumber industry, as they support the growth of sustainable wood applications.



Pressure Treated Lumber Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
FSN Capital PartnersOslo, Oslo, Norway51-20019990
STARK GroupFrederiksberg, Frederiksberg, Denmark10001+18960
Accent EquityStockholm, Stockholm, Sweden11-5019944
Kesko - K-GroupHelsinki, Uusimaa, Finland10001+19401
CapManHelsinki, Uusimaa, Finland51-20019894
Metsä SpringEspoo, Uusimaa, Finland11-5020181
Valve VenturesHelsinki, Uusimaa, Finland1-1020071
Addtech Customised SolutionStockholm, Stockholm, Sweden1001-500019061
InvestinorTrondheim, Trøndelag, Norway11-5020084
CreandumStockholm, Stockholm, Sweden11-50200317
Almi InvestStockholm, Stockholm, Sweden51-20020093


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