Plukon Food Group has received final approval from the Danish Competition Authority for the acquisition of the Danish operations of HKFoods, formerly HKScan.
With that approval gained, Plukon stated that the transition is expected to close by the end of October.
The HKFoods personnel at the two Danish plants – in Vinderup and Skovgaard – will be retained by the Netherlands-based Plukon.
Kees Kraijenoord, CEO Plukon Food Group, said: “The acquisition of HKFoods’ Danish business represents a strategic milestone for our organization, enabling us to expand our operations and enhance our presence for poultry, meals and alternative proteins in the Nordics. Our priority is to ensure a smooth integration that strengthens our operational capabilities, and I look forward to collaborating with HKFoods’ team.”
HKFoods’ consumer brand in Denmark is Rose. In 2023, the Danish business had net sales of EUR230 million (US$250 million) and an average of around 680 employees.
“The sale of the Danish business will continue to strengthen the company's balance sheet and enhance our ability to better focus on the businesses that remain with us. After the Danish business divestment, HKFoods will be a listed company with a strong Finnish base but still with an international presence. We will now focus on improving the competitiveness of our core business and the profitability of our operations and continue to implement our long-term strategy,” added Juha Ruohola, CEO of the Finland-based HKFoods.
Plukon’s other recent acquisition activity
Earlier this year, Plukon announced its intent to acquire Sambau and Redondo, both based in Spain, and Algas SP, based in Poland. Each of those companies are involved in the poultry sector.
In 2023, Plukon acquired a 51% stake in ter Maten. In 2020, Plukon’s acquisitions included VMR, Cuparius Food Group and a 51% stake in Optibrut.
Plukon Food Group, according to information from the WATTPoultry.com Top Poultry Companies Database, is the fourth largest poultry producer in Europe, having slaughtered 462.8 million broilers during the past year. The company is also involved in turkey production.
