HKScan to acquire Rose Poultry
Company looking to expand to Denmark, Sweden
Finland's HKScan will purchase Danish company Rose Poultry in order to expand its operations to Denmark and Sweden.
The purchase price is roughly EUR23.9 million (US$30.4 million) in cash and company shares, with a goal of completing the transaction in the autumn. HKScan is looking to increase its existing presence in northern Europe; this purchase, the company says, will make HKScan one of the leading players in the regional poultry market. Rose Poultry's net sales in 2008/2009 came to more than EUR200.0 million (US$254.3 million).