HKScan sells Estonian egg business
Company further announces it will be a minority partner in Finnish hatchery joint venture
HKScan has announced a number of changes to egg businesses.
The company is selling its Estonian egg business OU Koks Munatootmine to Dava Food Holdings of Denmark. The divestment of OU Koks Munatootmine, which has annual net sales of EUR6.7 million (US$8.2 million), is subject to approval by the competition authorities. Employees of the business will continue to work fo OU Koks Munatootmine.
HKScan has also announced an agreement between HKScan Finland Oy and Denmark’s DanHatch involving the sale of its Finnish hatchery business to DanHatch Finland Oy, which will become a joint venture between the two companies.
HKScan employees working at the hatcheries in Myamakia and Kokemaki will transfer to DanHatch Finland Oy. On completion, HKScan Finland Oy will have a 20 percent share in the company, with DanHatch owning the remainder.
“DanHatch has a solid track record in the hatchery business in Noerthern Europe and we are pleased to have a business partner that is highly dedicated to the business,” said Hannu Kottonen, president and CEO of HKScan.