March 20, 2014

HKScan merges Estonia subsidiaries to form AS HKScan Estonia

HKScan will merge its two Estonian subsidiaries, AS Rakvere Lihakombinaat and AS Tallegg, to form AS HKScan Estonia on May 30, 2014 as a further step in an ongoing process to clarify and streamline its legal structure.

AS Tallegg produces chicken meat and egg products while AS Rakvere Lihakombinaat produces beef, pork and lamb products including sausage and ham.

In compliance with guidelines finalised in summer 2013, HKScan will change the name of its Latvian subsidiary AS Rigas Miesnieks to AS HKScan Latvia and its Lithuaniansubsidiary UAB Klaipedos Maisto Mesos Produktai to UAB HKScan Lietuva. 

These changes will have no impact on the standing or identity of existing product brands. The merger is purely of a legal nature and will have no impact on employees.

The new naming structure is intended to clarify the HKScan brand strategy and strengthen the Group identity both internally and externally. These policy changes follow in the wake of strategic and organisational reforms initiated in 2012 to improve HKScan's profitability and operational efficiency and to build a stronger, unified corporate culture.

HKScan is one of the leading food companies in northern Europe, with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names.