Scan has acquired a 15% minority holding in Swedish convenience food firm Matfabriken i Skandinavien.
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Matfabriken makes ready-to-eat pasta and sandwiches. Net sales in fiscal 2008 are projected to total EUR10m (US$13.56m), Scan said. The company’s largest customers include ICA, Statoil and SAS.
“Matfabriken operates in a high-growth market and we see much future potential in the group,” a spokesperson for Scan told just-food today (6 October).
The acquisition includes the option to buy the remaining shares in the company at a later date, the spokesperson added.
Scan, which is the Swedish arm of HK Scan, the Scandinavian meat-to-convenience food group, declined to comment on the financial details of the agreement.
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