Announced
Financials
Tags
Sweden
meat
pet food
Food Products
Acquisition
food products
Majority
Private
Pending
Friendly
Single Bidder
Domestic
Synopsis
Lantmännen, a Swedish agricultural cooperative, agreed to acquire the Swedish business of HKScan, a Finnish manufacturer of meat foods and products, for €65m. "The divestment of the Swedish business will strengthen HKScan's balance sheet. In addition, the sale will allow us to better focus on our remaining businesses and implement our long-term strategy. We will continue to operate on our foundations as a strongly Finnish but internationally active listed company. Our market position is significant and we have strong brands. Our strategic goal is to grow into a versatile food company," Juha Ruohola, HKScan CEO.
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