The transaction of HKFoods’ Danish business closed
HKFoods Plc, Press release 31 October 2024 at 2 p.m. Finnish time
HKFoods and Plukon Food Group B.V. have today closed the transaction announced on 2 May 2024, whereby HKFoods sells its Danish business to Plukon Food Group B.V. from the Netherlands. The transaction concerned the shares in ROSE Poultry A/S, the subsidiary that formed HKFoods' Business Unit Denmark.
The transaction terminates HKFoods' ownership of the Danish business. The business operations and personnel of HKFoods’ Danish subsidiaries have been transferred to the new owner at the closing of the transaction. HKFoods has operated in Denmark since 2010.
The sale of the Danish business will continue to strengthen the company’s balance sheet. In addition, the divestment will allow HKFoods to better focus on its remaining business and implement its long-term strategy. HKFoods will now continue to operate as a strongly Finnish-based, but internationally operating listed company. The company has a significant market position and strong brands.
Information on the transaction has been previously reported in these releases: 2 May 2024 and 15 October 2024
HKFoods Plc
Juha Ruohola
CEO
Further information:
- Juha Ruohola, CEO, HKFoods Plc, tel. +358 400 647 160
- HKFoods Media Service Desk, tel. +358 10 570 5700 or by email: communications@hkfoods.com
With 110 years of experience, we at HKFoods make life tastier - today and tomorrow. With nearly 3,000 professionals, we make responsible and locally produced food for consumers' various food moments. Our well-known brands in Finland are HK®, Kariniemen® and Via®. We are developing a more climate-friendly way of producing food. HKFoods is a publicly listed company, and in 2023, our net sales from continuing operations totalled EUR 933 million. www.hkfoods.com
