Foods|Raisio sells the Härkis business to Valio, who has faded meat substitute products.
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Raisio, a food company, sells its plant protein business for the Härkis brand for the dairy company Valio for EUR 7 million.
The store includes Härkis and Beanit brands and equipment at the Kauhava plant. The business employs 16 people.
For Valio, the shop is a step towards a broader food strategy. Raisio intends to announce his renewed strategy in March.
Food company Raisio says he is selling his vegetable protein business known for his Härkis brand to Valio, a dairy company.
The price of the business transaction is EUR 7 million. In addition to the Härkis brand, the store includes a Beanit brand that markets, among other things, bean beans used as minced meat substitutes.
In the store, the equipment of the plant manufacturing plant in Kauhava also changes its owner. Raisio’s plant protein business employs 16 people.
The business is expected to move to the new owner during March.
Raisio According to its announcement, the turnover of the plant protein business was EUR 4.5 million last year, which is about one million less than in 2023.
The business was loss -making in each year. Last year, a comparable business loss of business was EUR 2.6 million and in 2023, in turn, EUR 3.2 million.
Raisio bought Verso Food, which developed Härkis and Beanit brands and bean products in the spring of 2021 from Norwegian Kavl. Four years ago, the purchase price was EUR 7 million and one million Raisio shares.
Raisio CEO Pasi Flinkman According to the “food burglary” of plant -based food, it will continue to be a key component of the company’s strategy, although it now decided to abandon the plant protein business.
The company intends to announce the renewed strategy in March.
Champion The strategy is to turn from dairy company manufacturing dairy products into a wider food building. Valio leader Tuomas Salusjärvi says in the release that the shop announced on Thursday is a “one step” on its growth path.
In 2022, Valio bought the Gold & Green business with Verso Food from Paulig food company. Gold & Green is known for its Nyhtökaura product made from legumes and oat protein.
Valio’s products in the meat substitute market also include MIFU protein products, which it launched in 2016.