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April 27, 2021updated 11 May 2021 5:47pm

Finnish food group Valio buys restaurant supplier Heinon Tukku

By Andy Coyne

Finland-based food group Valio has acquired local wholesale business Heinon Tukku for an undisclosed sum.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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Tapping into what it describes as a “long-term megatrend”, of eating out and takeaway, Valio, owned by Finnish dairy farmers, said its goal is to be an “even broader partner for restaurant and café professionals”.

Heinon Tukku stocks about 30,000 products, most of which are fresh food and ingredients. It also sells frozen food, beverages, cooking utensils and tableware.

It distributes its products to many restaurants and cafes in the Helsinki area and also has customers further afield.

The deal will create a new business unit for Valio serving serves professional kitchens and the food industry.

Tuomas Sorri, who is sales director of Valio Food Solutions, will lead the new division. Sorri said: "Valio and Heinon Tukku truly complement each other. Heinon Tukku has a selection of thousands of products, from fresh vegetables to napkins and [has] customers, especially restaurants and cafés, in the Helsinki metropolitan area. Valio, on the other hand, comes with the country's largest distribution network and especially public-sector customers.

"Together, we are a broader partner for those restaurant operators for whom quality, domesticity, an in-depth understanding of customer needs and delivery security are key factors."

Petri Heino, CEO of Heinku Tukku's parent company Tukkuheino, said: "Valio will become a good owner for Heinon Tukku. In this transaction, the parties' strengths complement each other and there is little overlap."

Heinon Tukku, which has been in existence for more than 120 years, and is one of Finland's largest wholesalers. Its typical annual turnover, pre-Covid-19, was in the order of EUR240m (US$289.9m).

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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