News last update:6 Aug 2012

Finnish Suomen Rehu to be sold

Suomen Rehu, Finland's biggest feed manufacturer, will have a new majority owner by the second half of 2007.

Parent group Lännen Tehtaat is selling 51% of its stake to Finnish agricultural dealer Hankkija-Maatalous Oy, which is owned 81% by SOK Corporation (S-Group) and 19% by Kemira GrowHow Apart from being a feed manufacturer suomen Rehu is also an exporter of Progut piglet feed additives to promote intestinal health.

In the Baltic counties Suomen Rehu operates with its subsidiary Baltic Feed has its own factory in Tukums. Feed concentrates, minerals, premixes and special products are mainly marketed through retailers.
Lannen Tehtaat said on Monday that the Finnish competition authority has made an interim decision concerning the sale of the majority shareholding in Suomen Rehu Ltd and Avena Nordic Grain Oy.

According to the decision, the competition authority will initiate further investigations into the matter. Lannen Tehtaat operates in the food industry. Finland constitutes its primary home market, but the company has also extended its operation to the Baltic Rim. Lannen Tehtaat has some 1,000 employees and is listed on the Nordic Exchange in Helsinki.

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