Plukon Meals Workforce has reached an settlement in idea to gain the HKScan Denmark subsidiary of HKScan Company.
HKScan Denmark, based in 1952, is a poultry slaughter and processing corporate that produces shopper packed poultry and top of the range ready-to-eat and ready-to-heat poultry merchandise. The corporate operates a slaughter and chopping facility in Vinderup and a processing plant for cooking, frying and packaging in Skovsgaard. The pinnacle place of work for the operations is situated in Aarhus. HKScan Denmark employs round 680 staff and its revenues amounted to roughly EUR230 million (US$247.64 million) for the yr 2023.
The proposed acquire value is EUR44.6 million. The transaction is anticipated to near right through 2024 and will likely be matter to approval by way of the Danish festival government.
Kees Kraijenoord, CEO of the Netherlands-based Plukon Meals Workforce, stated: “With the purchase of HKScan Denmark, we proudly welcome Denmark as our 7th house nation. This strategic transfer now not simplest aligns completely with our expansion ambitions, but additionally supplies us with the chance to extend our marketplace presence for poultry, foods and choices all over the Nordics. This is a fine addition to the Plukon Meals Workforce and I glance ahead to the collaboration with the workforce.”
Each Plukon and HKScan Denmark specialise in offering a variety of contemporary, frozen and processed poultry merchandise for the retail, foodservice and business markets in Denmark and throughout Europe. HKScan Denmark basically provides contemporary poultry merchandise underneath its personal Rose poultry shopper emblem to the retail in Denmark, as neatly as non-public label merchandise and frozen merchandise to markets in and out of doors Denmark, maximum significantly to Sweden.
Plukon continues pattern of acquisitions
On the conclusion of 2023, Plukon ranked because the fourth biggest poultry manufacturer in Europe and the nineteenth biggest on the planet, having slaughtered 462.8 million broilers right through the yr.
On the other hand, Plukon Meals Workforce may upward push in the ones scores, as this is the fourth acquisition to be introduced by way of Plukon Meals Workforce in 2024 on my own. Previous this yr, Plukon introduced its intent to obtain Sambau and Redondo, each founded in Spain, and Algas SP, founded in Poland. Each and every of the ones firms are concerned within the poultry sector.
In 2023, Plukon got a 51% stake in ter Maten. In 2020, Plukon’s acquisitions incorporated VMR, Cuparius Meals Workforce and a 51% stake in Optibrut.
Some other divestiture for HKScan
Whilst Plukon Meals Workforce is rising its geographical footprint, HKScan is decreasing its, putting extra center of attention on its house nation of Finland.
HKScan had previous introduced its intent to divest of HKScan Denmark, pronouncing it have been reviewing “the location of its marketplace spaces as a part of the gang’s long-term technique with a goal to develop into a flexible meals corporate.”
The announcement of the pending sale of HKScan Denmark adopted a January announcement that HKScan used to be promoting its operations in Sweden to Lantmännen. In 2023, HKScan bought its Baltic companies in Estonia, Latvia and Lithuania to the Maag Grupp of Estonia.
“The sale of the Danish industry will proceed to reinforce corporate’s stability sheet and make allowance us to raised center of attention on our ultimate companies. Following the verdict to promote the Danish industry, the overview of the gang construction has been finished for now. We’re strongly Finnish at our core however stay an the world over running indexed corporate. We will be able to now center of attention on bettering the competitiveness and profitability of our core operations and proceed to put in force our long-term method to turn out to be a but extra flexible meals corporate,” stated HKScan’s CEO Juha Ruohola.
A number of weeks in the past, HKScan introduced it’s converting its identify to HKFoods. The identify trade is to be presented after this month, as soon as the brand new identify is registered with the Industry Sign in.