According to stock exchange release on May 30th, Aspo's subsidiary Leipurin has agreed to purchase the entire share capital of the Swedish Kobia Ab from the Swedish Abdon Group. This business arrangement has now received the approval of the competition authority in Sweden and the transaction has entered into force on September 1, 2022.
The acquisition will expand Leipurin’s geographical position in the Northern European market. Through the acquisition, Leipurin further strengthens its position as a leading player in the Baltic Sea region, with increased size and profitability. The entity provides suppliers with a compelling gateway to the region’s market. Customers in the bakery and food industry will benefit from a strong partner in the global raw material market.
The acquisition will bring the following benefits to Leipurin's customers:
- Leipurin creates more supply chain and sourcing efficiencies for customers. As a strengthened player with increased volumes in the Baltic Sea region, Leipurin will ensure the highest possible and most efficient sourcing and logistics services and competitive products for its customers.
- The product assortment expands and evolves. Leipurin's customers benefit from, among other things, the leading coffee bread and confectionery expertise in the Swedish market. Kobia also has its own marzipan and filling production, and as a whole the assortment will complement Leipurin’s current range of products.
- Expertise and customer service. The companies have similar roots and an equally long history - both companies were founded by bakeries and bring industry expertise, market knowledge and excellent customer service to local customers in the bakery and food industry. We share a common mission: “we work for the vitality of regional food chains”.
We are excited about this opportunity to grow and develop the business for the benefit of our customers.
Heli Arantola, Managing Director, Leipurin Group
Leipurin was founded by bakeries, which is why we have had a clear understanding of our customers’ business ever since we started out – over 100 years ago. Today, we offer relevant expertise, ingredients, production machinery and services for bakery and confectionery industry, food industry and food service market.