Finnish pork processor moves into Sweden
The announced take-over of Swedish Meats by Finnish meat processor HK
Ruokatalo has been completed.
By this take-over, the new merger company will take on the name HK Scan,
becoming the second largest Scandinavian meat conglomerate, having a turnover of
about €2.2 billion, active in eight
HK Ruokatalo, focusing on
processed pork and poultry products, is to pay €113 million for Swedish Meats.
The Finnish company will also take over the cattle farmers cooperative's €185
million of debt.
Swedish Meats will now now turning its business into
a limited company called Scan AB, becoming a subsidiary of the Finnish company.
Swedish Meats is responsible for the majority of slaughtering in
Swedish Meats' brands Scan and Pärsons are well
â€¢ HK Ruokatalo
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