Lantmännen completes the acquisition of Leipurin
Leipurin, with operations in Sweden, Finland, Estonia, Latvia, and Lithuania, is a leading supplier of food ingredients, raw materials, and frozen products. The company has more than 100 years of experience in the ingredient market and also serves as an expert partner for bakeries and food producers. Leipurin has an annual turnover of approximately SEK 1.6 billion and employs around 160 people. In Sweden, Leipurin operates through the companies Kobia and Kebelco.
“The acquisition of Leipurin is part of Lantmännen’s ambition to broaden and strengthen the value chain within food ingredients. Together with our existing businesses and the new investment in pea protein production, this acquisition provides strong opportunities for growth in both existing and new markets,” says Magnus Kagevik, CEO and Group President of Lantmännen.
Leipurin has strong expertise in product development, and the acquisition creates potential for innovation, development, and growth together with customers and partners. Leipurin will be part of Lantmännen’s Energy Division.
“We are very pleased that the acquisition of Leipurin is now completed, and we look forward to welcoming the company and its employees to Lantmännen. With its commercial reach and established expertise in product development, Leipurin complements the Energy Division’s focus on developing food ingredients. We see this acquisition as an important step in strengthening the value chain from raw materials to customers, and together we can build a broad and scalable ingredients business,” says Niklas Lindberg, Head of Lantmännen’s Energy Division.
“We are excited to move forward and to become a part of Lantmännen, a leading company in the industry in Northern Europe. This acquisition is expected to bring Leipurin opportunities to develop and grow the business in the long run, strengthening Leipurin’s expertise and services to business customers and enabling continuity as a customer-driven reliable partner” says Miska Kuusela, CEO of Leipurin.
The Energy Division currently produces plant-based food ingredients derived from wheat and oats in its established biorefineries, while constructing a new facility for plant-based protein from peas and faba beans. The acquisition of Leipurin is in line with the Energy Division’s strategy to become one of the leading players in plant-based food ingredients in Northern Europe. Leipurin has a strong sales organisation and extensive application expertise, which broadens the Energy Division’s market presence and strengthens its offering to the food industry. Leipurin will operate as a separate business within Lantmännen’s Energy Division.
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Lantmännen Press Office
Phone: +46 10 556 88 00
E-mail: press@lantmannen.com
