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).