Raisio Sells Non-dairy Business to Kavli
March 07
15:41
2013
Raisio, the Finnish food and functional food ingredients manufacturer famous for its Benecol brand, is selling its non-dairy business to Kavli Group in order to focus on its core activities. Producing oat, soy and rice-based non-dairy products, the business being sold has annual net sales of around Eur7 million.
The acquisition will strengthen Kavli Group’s foothold in the Finnish and Swedish markets with a new product category. Kavli Group is one of Norway’s largest and most international food companies, employing some 800 people. The group’s turnover is around Eur330 million. Besides Norway, Kavli has companies in Sweden, Finland, Denmark and the UK.
