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:
We are excited about this opportunity to grow and develop the business for the benefit of our customers.
Best Regards,
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.