HKScan agrees Finnish beef deal

By Rod Addy

- Last updated on GMT

The deal would help HKScan's goal of developing beef products
The deal would help HKScan's goal of developing beef products

Related tags Finland Vice president Beef

HKScan Finland has boosted its foothold on the beef market through its acquisition of the remaining half of Paimion Teurastamo (Paimio Slaughterhouse) from Wellcapita, based in Turku, Finland.

The move adds to HKScan Finland’s existing 50% holding in the company, which it gained in summer 2015, since which time Paimion Teurastamo has been an HKScan company.

HKScan claimed the deal would support its aim of long-term development of the Finnish beef production chain in cooperation with its contract producers, from farm to retail shelf.

Focusing on beef slaughtering, Paimion Teurastamo is based in facilities opened in 2012 in Paimio. In 2016, the company generated net sales of €13.8 million and has approximately 40 employees. The deal would have no impact on the personnel, according to HKScan. The two companies have a long history of collaboration. HKScan owns a beef slaughterhouse also in Outokumpu.

'Developing beef products'

“The deal we signed today supports our goal of developing our beef products, particularly in the premium product category,”​ said Jyrki Karlsson, executive vice president, consumer business in Finland at HKScan.

“We look for innovations and strive to create a more consumer-focused offering both for everyday dining and special occasions. Therefore we want to undertake a simultaneous refresh across several product categories. I regard responsibly produced Finnish beef as having a strong position on the consumers’ plate as part of a versatile diet.

“This deal is a part of our long-term development of our production network and domestic beef production chain,”​ said Aki Laiho, chief operating officer at HKScan. “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.”
HKScan said it was committed to responsible meat production throughout the value chain.

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