The sale agreement, which was subject to approval, was announced in May. It is seen as an important move to allow Finland’s Raisio to focus on its grain business, and give it a powerful new partner for its Benecol plant stanols brand.

CEO Matti Rihko said in May: “The deal is an important step for Raisio towards focusing on grain-based business. The price is also very good. The transaction will bring Raisio a new, significant Benecol partner, who is looking to develop Benecol and functional foods.”