Finnish food group Raisio has announced the investment of 45 million Euros in the production facility developing and manufacturing plant-based added value products. With the investment, Raisio responds to the strong growth in demand for plant-based food, particularly in the European markets.
Raisio Sells Plant Protein Business to Finnish Dairy Giant Valio in €7M Deal
The food company Raisio will sell its plant protein business and the Härkis® and Beanit® brands, under which plant protein products have been marketed, to the Finnish dairy and food company Valio. The price of the deal is €7 million, which will be paid to Raisio in cash upon the transfer of the business. The companies have signed a purchase and sale agreement for the sale of the plant protein business, the related fixed assets and the Härkis® and Beanit® fava bean brands. The fixed assets include, among other things, the equipment of the factory producing plant protein products in Kauhava. The plant protein business employs 16 people, who will be transferred to Valio as existing employees as part of the deal. Raisio has been a …