CapMan takes 74% stake in Lunawood
CapMan has acquired a majority stake in Lunawood, a producer of thermal wood. Following the transaction, Lunawood management will hold a 25% stake.
The Finnish company produces thermal wood that is weather resistant, and created as a sustainable alternative to timber from tropical forests and impregnated wood.
Lunawood's exports counts for the lion share of its sales, which totalled at €9.3m last year. It employs 50 staff.
The investment was made from CapMan Technology 2007 fund.
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