Finnish consumer foods group Snellman has signalled its intention to expand into the foodservice sector through its acquisition of a 77% stake in Wikholm Food.
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Wikholm manufactures baked goods, sandwiches and sauces for the hotel, restaurant and catering sector.
“Wikholm is a company with activities in hotel and restaurant catering. Snellman does not have any operations in this area and we want to court this market,” a spokesperson for the company told just-food.
Wikholm generates an annual turnover of EUR8m. Financial details of the acquisition have not been disclosed.
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