Puuilo Oyj (HLSE:PUUILO) agreed to acquire business operations of Hurrikaani discount store chain on September 19, 2023. In 2022, the net sales of the acquired business totaled to ?15 million. Hurrikaani?s personnel will transfer to Puuilo as so-called old employees in the stores belonging to the transaction.

The completion of the transaction is subject to approval of competition authorities and the fulfilment of other customary closing conditions. As of November 28, 2023, the transaction has been approved by the Finnish Competition and Consumer Authority. The acquisition is expected to be completed in stages during the first half of financial year 2024.