Lantmännen acquires HKScan’s Swedish operations
Lantmännen has signed an agreement to acquire HKScan Corporation’s Swedish operations, HKScan Sweden AB. The acquisition includes all operations in Sweden, as well as the brands Scan, Pärsons, and Bullens. The acquisition means that Lantmännen is broadening and strengthening its business portfolio from field to fork – and that long-term conditions for Swedish agriculture are strengthened.
Since 2007, HKScan Sweden AB has been owned by the Finnish food company HKScan Corporation, which also operates in Finland and Denmark. In Sweden, the company offers meat- and plant-based food from Swedish farms, employs about 1 800 people, and in 2022 had net sales of some 8 billion SEK. The Swedish business has production facilities in Kristianstad, Skara, Linköping and Halmstad – and is Swedish headquarter in Stockholm.
”This acquisition is strategically important for Lantmännen and for our members. The acquisition allows us to secure domestic ownership of HKScan’s Swedish operations, and thereby the future for Swedish animal production. That is important for creating growth in the agricultural sector – and strengthens the national food supply preparedness”, says Per Lindahl, Chairman of Lantmännen’s Board of Directors.
The acquisition creates further good opportunities for continuing to lead the development for sustainable and profitable Swedish farming, and for producing good food in the entire country.
“Lantmännen has a unique position in the food value chain, and this acquisition gives us a broader and stronger business portfolio. We are already present in significant parts of the livestock value chain through input goods, machinery, and refinement of grain into high-quality feed. Together with HKScan’s market-leading Swedish brands and knowledge, we see good opportunities for further developing our businesses and Swedish animal production, and for creating further value for our members,” says Magnus Kagevik, Lantmännen’s Group President and CEO.
Lantmännen acquires 100 percent ownership of HKScan Sweden AB, which encompasses the entire Swedish operation of HKScan. In connection with the acquisition, Lantmännen transfers all its existing shares in HKScan Corporation to HKScan Corporation.
“We look forward to becoming part of a leading group that is solidly anchored in Swedish agriculture. Lantmännen’s strategy from field to fork, with a focus on sustainable development and responsible growth, goes well with our own strategy – and together, we will become a central business partner in the work with securing Swedish food supply”, says Lars Appelqvist, EVP of HKScan Business Unit Sweden.
The transaction must be approved by relevant authorities and is expected to be completed during the first half of 2024. Until the transaction is completed, Lantmännen and HKScan Sweden AB continue to operate as separate companies.
If you have any questions, please contact:
Lantmännen's Press Service
Phone: +46 10 556 88 00
Email: press@lantmannen.com
About Lantmännen
Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Owned by 18,000 Swedish farmers, we have 10,000 employees, operations in over 20 countries and an annual turnover of SEK 60 billion. With grain at the heart of our operations, we refine arable land resources to make farming thrive. Some of our best-known food brands are AXA, Bonjour, Kungsörnen, GoGreen, Gooh, FINN CRISP, Schulstad and Vaasan. Our company is founded on the knowledge and values acquired through generations of farmers. With research, development and operations throughout the value chain, together we take responsibility from field to fork. For more information: www.lantmannen.com
