SCAN ACQUIRES INTEREST IN SWEDISH CONVENIENCE FOOD COMPANY

Report this content
HKScan Corporation            RELEASE    1 October 2008, at 10am

SCAN ACQUIRES INTEREST IN SWEDISH CONVENIENCE FOOD COMPANY

Scan AB, the company responsible for the HKScan Group's Swedish operations, has
acquired a 15-percent minority holding in convenience food producer Matfabriken
i Skandinavien AB. Based in central Sweden, Matfabriken employs around 100
persons and its net sales in 2008 are projected at EUR 10 million. Its main
products include ready-to-eat sandwiches and pasta salads. The company uses its
own refrigerated fleet to distribute its products directly to customers, the
biggest of which are central organisation ICA, Statoil and SAS. 

Matfabriken's operative management will retain their positions also after the
share acquisition. The transaction includes an option for Scan to acquire the
remaining shares in Matfabriken at a later date. 

HKScan Corporation


Kai Seikku
CEO


Further information is available from managing director Magnus Lagergren, Scan
AB, on +46 70 255 5235 


DISTRIBUTION:
Nasdaq OMX
Main media
www.hkscan.com

Subscribe