FDBusiness.com

Lantmännen, the Nordic Region´s leader in agriculture, machinery, bioenergy and food products, is acquiring the cattle feed business from the Finnish listed company Raisio Group. The acquisition is part of Lantmännen’s growth strategy in the Baltic Sea region and strengthens the group’s presence on the Finnish market by expanding its offer to farmers there.

Lantmännen is acquiring Raisio’s cattle feed business including two feed factories and sales of inputs for plant cultivation. Raisio’s cattle feed business is a big player on the Finnish agricultural market, with a 35% market share and had sales (in 2017) of €74 million. Acquiring Raisio’s cattle feed business enables Lantmännen to further broaden its offer and strengthen its presence within agribusiness on the Finnish market.

“The acquisition strengthens Lantmännen’s position in the grain value chain in the Baltic Sea region. We already have large holdings in the bread and malting industry plus an established agriculture business through Lantmännen Agro Oy, with independent distributors throughout the country. Adding yet another business segment within our agriculture based business in Finland makes us a more complete business partner for Finnish farmers,” says Per Olof Nyman, Group President and CEO of Lantmännen.

The acquisition includes over 70 employees. In addition to its principal business, feed production, Raisio’s cattle feed business pursues research and development into animal feed and is a leader in the digitalisation of agriculture services.

The transaction is expected to be completed no later than quarter three 2018, following the approval of the relevant competition authorities.