HKScan to sell its share in Nyhléns & Hugosons Chark AB

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| Source: HKScan Oyj
multilang-release

HKScan Corporation                                     Stock Exchange Release         3 January 2014 at 10:00 a.m.

 

HKScan to sell its share in Nyhléns & Hugosons Chark AB

As part of its development programme and strategy review in Sweden, HKScan sells its 49 percent stake in Nyhléns & Hugosons Chark AB to Alviksgården Lantbruks AB.

The agreement was signed on 2 January 2014. After the transaction is completed, all Nyhléns & Hugosons Chark AB shares previously owned by HKScan will be transferred to Alviksgården Lantbruks AB. The sales price amounted to EUR 2.2 million which was paid in cash. The transaction caused an asset impairment of EUR 2.1 million which will be reported as a non-recurring cost in the fourth quarter of 2013.


Nyhléns & Hugosons Chark AB is engaged in the meat and processed meats business. The company’s net sales are approximately SEK 500 million (EUR 50 million) and it employs 230 people and has plants in Luleå, Alvik, Skellefteå and Ullånger.

HKScan’s aim is to streamline its business structure in Sweden, continue its brand and product offering development and raise the added-value of its products. The Scan brand is the local market leader and one of the best-known consumer brands in Sweden. Pärsons brand is the leading brand in e.g. cold cuts.

 

HKScan Corporation
Hannu Kottonen
CEO


For more information, please contact:
Göran Holm, EVP HKScan’s consumer business in Scandinavia, tel. + 46 706 570 034 (in English or Swedish),

Thomas Perkiö, VP Business Development, HKScan Sweden, tel. +46 8 725 8597 (in English or Swedish)

HKScan is one of the leading food companies in northern Europe, with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are the retail, food service, industrial and export sectors. In 2012, it had net sales of EUR 2.5 billion and some 11 000 employees.


DISTRIBUTION:
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www.hkscan.com