“We have reshaped food logistics by consolidating many small flows of goods into a single large flow in a manner that no other operator has previously managed to execute successfully. It is a model that benefits everyone: producers, retailers, restaurants, consumers, and the environment. I am confident that this recipe will continue to create growth going forward, both for our customers and ourselves,” says Matti Tuominen, founder and CEO of LTP Group.
Finnish private equity company Sponsor Capital has agreed to acquire a majority stake in LTP Group from Vaaka Partners and other current owners. LTP Group’s management will continue as significant minority shareholders also post transaction. LTP Group continues to target strong and profitable growth going forward.
LTP Group is a food logistics service provider that specializes in the holistic management of good flows in the food sector. By consolidating volumes of multiple producers in LTP terminals, the company enables cost-efficient and environmentally friendly deliveries to retail stores and HoReCa players. LTP’s picking and consolidation services help especially small and medium-sized food producers to access stores and restaurants in the entire country. LTP sales exceed EUR 70m and the group currently employs over 450 people.Back to transactions