“Acquiring Heinon Tukku is a natural step that aligns with our strategy. Our goal is to be a frontrunner in food sector solutions, and Heinon Tukku’s know-how and broad product portfolio will bring a significant addition to this. We also share a similar set of values. Heinon Tukku is a traditional family-owned company, and Valio’s owners, in turn, are Finnish dairy farmers”, head of the new business unit, Tuomas Sorri explains.
The eating out and takeaway trend is expected to return to growth after the coronavirus pandemic eases. Valio’s aim is to be a more comprehensive partner to restaurant and coffee shop professionals. That is why it is acquiring Heinon Tukku Oy. In the future, Valio will be a single-source supplier of everything a professional kitchen needs: in addition to an extensive selection of raw materials, support in product development and in creating meal and snack concepts. The transaction is subject to approval by the Finnish Competition and Consumer Authority.
Valio is a Finnish consumer goods manufacturer of mainly dairy products. Production facilities in 12 different locations and over 4 300 Finnish dairy farmers owning Valio through regional dairy co-operatives. Valio has subsidiaries in Russia, Sweden, the Baltics, USA and China with net sales of EUR 1 787 million in 2019 employing over 4 000 professionals.
Heinon Tukku Oy has been in business for over 120 years and is today one of Finland’s biggest wholesalers serving professional kitchens. Heinon Tukku’s typical turnover in recent years has been around 240 million euros. The coronavirus pandemic naturally reduced its turnover, which was about 170 million euros in 2020. About 340 employees will transfer to Valio through the acquisition.Back to transactions