HKScan Finland in slaughterhouse acquisition

By Georgi Gyton

- Last updated on GMT

HKScan processes a variety of meat products across Europe
HKScan processes a variety of meat products across Europe

Related tags: Meat, Livestock, Beef

HKScan Finland has acquired a 50% stake in Paimion Teurastamo’s slaughterhouse, owned by the Turku-based Kaivon Liha Kaunismaa Oy, which will retain the remaining share.

Paimion Teurastamo specialises in beef slaughtering, with its facility, only commissioned in 2012, located in Paimio. The company achieved sales of €13.8m last year, and slaughtered more than 20,000 head of cattle, with volumes up in the first half of this year.

HKScan already has a working relationship with Paimion Teurastamo, with regards to livestock contract slaughtering, and has also supplied fresh meat to its parent company.

Mika Kaunismaa, who will stay on as managing director, along with fellow co-owner of Kaivon Liha Kaunismaa Oy, Juna Kaunismaa, said that the deal would support and strengthen its existing relationship with HKScan, in the sourcing of raw materials, offering development opportunities.

Innovation

Hannu Kottonen, chief executive of HKScan, said the deal supported the group’s growth strategy for its beef business, which aims to promote innovation and consumer-driven developments in beef across its home markets.

Consumers and customers are showing increased interest in, for example, local beef and organic products, said Kottonen. HKScan also has a beef slaughtering facility in Outokumpu. Kottonen added that the firm intended to strengthen its beef sourcing capacity on a long-term basis.

“With two specialised beef slaughterhouses, livestock transport distances are minimised, offering contract producers greater speed and flexibility in pick-up schedules,”​ said a statement by the firm.

Related topics: Meat

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