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HKScan Strengthens Foothold in Finnish Beef Market

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HKScan Strengthens Foothold in Finnish Beef Market

HKScan Strengthens Foothold in Finnish Beef Market
January 20
14:35 2017

Nordic meat group HKScan has agreed to acquire the remaining 50% of Paimion Teurastamo, a Finnish beef slaughterhouse business. The deal will strengthen HKScan’s foothold on the beef market and support the company’s target of a long-term development of the Finnish beef production chain in co-operation with its contract producers, all the way from farm to product.

HKScan Finland first acquired a 50% holding in the company in summer 2015, since which time Paimion Teurastamo has been an HKScan company. Focusing on beef slaughtering, Paimion Teurastamo is based in facilities opened in 2012 in Paimio. In 2016, the company generated net sales of Eur13.8 million and has approximately 40 employees. The deal will have no impact on the personnel. HKScan and Paimion Teurastamo have a long history of collaboration. HKScan owns a beef slaughterhouse also in Outokumpu.

“This deal is a part of our long-term development of our production network and domestic beef production chain. It will strengthen our position as regards beef sourcing also in southern Finland, and will offer our contract producers a more comprehensive range of high-quality services,” says Aki Laiho, chief operating officer at HKScan.

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