HKScan acquires leading Danish poultry company
HKScan Corporation has signed an agreement to acquire Denmark’s largest poultry company, Rose Poultry.
Upon closing of the transaction, the operations in the poultry market of Finnish firm, HKScan, will expand to Denmark and Sweden, and the company will become one of the leading players in the poultry market in northern Europe. HKScan has a strong foothold in the poultry meat market both in Finland and in the Baltic countries. The company’s poultry meat brand in Finland is Kariniemen and in Estonia Tallegg.
Rose Poultry produces annually more than 130 million kilos of poultry meat, which is sold under the company’s own Rose brand as well as under private labels as fresh, frozen or processed products in the company’s main markets in Denmark, Sweden and the UK.
Rose Poultry has three production facilities in Denmark and the company employs approximately 1,000 people. Rose Poultry’s net sales in the financial year 2008/2009 exceeded €200 million.
The aim is to complete the transaction during the course of this autumn, and closing of the agreement will be conditional on approval by relevant competition authorities.
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