FDBusiness.com

HKScan Strengthens Foothold in Finnish Beef Market

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

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.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements