Lantmännen is acquiring Raisio's cattle feed business including two feed factories and sales of inputs for plant cultivation. Raisio's cattle feed business is a big player on the Finnish agricultural market, with a 35 percent market share of the Finnish cattle feed market and had sales (in 2017) of Euro 74 million. Acquiring Raisio's cattle feed business enables Lantmännen to further broaden its offer and strengthen its presence within agribusiness on the Finnish market.
“The acquisition strengthens Lantmännen's position in the grain value chain in the Baltic Sea region. We already have large holdings in the bread and malting industry plus an established agriculture business through Lantmännen Agro Oy, with independent distributors throughout the country. Adding yet another business segment within our agriculture based business in Finland makes us a more complete business partner for Finnish farmers,” says Per Olof Nyman, Group President and CEO, Lantmännen.
The acquisition includes over 70 employees. In addition to its principal business, feed production, Raisio's cattle feed business pursues research and development into animal feed and is a leader in the digitalisation of agriculture services.
“The cattle feed business divestment is an important step towards Raisio's strategy focusing on healthy foods and profitable growth. We are pleased that the new owner of the cattle feed business is a company that has a significant position in the Nordic countries and the desire to further develop the business,” says the Group's President and CEO Pekka Kuusniemi.
The acquisition is a strategically important step that will enable further development and growth in Finland.
“Raisio has a well-established feed business that complements our present offer to Finnish farmers via Lantmännen Agro Oy. We see synergies with our existing business, but above all, the acquisition will enable us to broaden our offer and become a leading supplier to Finnish agriculture customers,” says Elisabeth Ringdahl, Head of Agriculture Sector at Lantmännen.
The transaction is expected to be completed no later than quarter three 2018, following the approval of the relevant competition authorities.
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For more information, please contact:
Peter Annas, Head of Plant Cultivation, Lantmännen Lantbruk
Tel: +46 706 99 03 65
Elisabeth Ringdahl, Head of Agriculture Sector
Tel: +46 725 46 46 35
Lantmännen Press Office
Tel: +46 10 556 88 00