Aspo’s subsidiary Leipurin expands its food ingredients business in the Baltics
02 Dicembre 2024 - 8:30AM
UK Regulatory
Aspo’s subsidiary Leipurin expands its food ingredients business in
the Baltics
Aspo Plc
Press release
December 2, 2024 at 9:30 am
Aspo’s subsidiary Leipurin expands its food ingredients
business in the Baltics
Aspo’s subsidiary Leipurin has reached an agreement with
Kartagena UAB to take over the food ingredients distribution
business previously conducted by Kartagena UAB. Under this
arrangement, Leipurin Lithuania will take over the key supplier and
customer relationships, acquire Kartagena’s food inventory and
ensure a seamless continuation of the related food ingredients
distribution business. This arrangement will create approx. EUR 2
million in new revenues and approx. EUR 0.15 million of EBITA for
Leipurin on an annualized basis.
The completion of the agreement is expected to take place during
Q1/2025 and is subject to the approval of Lithuanian competition
authorities.
“This arrangement strengthens Leipurin’s Baltic market position
and provides for new growth opportunities in the region”, says
Miska Kuusela, Managing Director of Leipurin.
“The transaction is a successful continuation of Aspo’s
compounder strategy in prioritized market segments”, says Rolf
Jansson, CEO of Aspo Group.
Aspo Plc
Rolf Jansson
CEO
Further information, please contact:
Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264,
rolf.jansson@aspo.com
Distribution:
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www.aspo.com
Aspo creates value by owning and developing
business operations sustainably and in the long term. Our companies
aim to be market leaders in their sectors. They are responsible for
their own operations, customer relationships and the development of
these aiming to be forerunners in sustainability. Aspo supports its
businesses profitability and growth with the right capabilities.
Aspo Group has businesses in 17 different countries, and it employs
approximately 800 professionals.
- 20240212_Press release Aspo’s subsidiary Leipurin expands its
food ingredients business in the Baltics
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