The Swedish meat processing company Swedish Meats has acquired the remaining 50% of the international meat processor Skanekott AB, in which it already owned a 50% share, local reports have said.
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Swedish Meats had an option to purchase the remaining 50% in the company. The company said that Skanecott, which has an annual turnover of about SEK360m (US$46.6m), would be operated as an independent company within the Swedish Meats group.
Skanecott operates in Sweden and Denmark and is scheduled to begin production at its new plant in Swinoujscie in northwestern Poland this month.
Swedish Meats is the leading livestock slaughtering operation in Sweden, as well as the market leader in the cutting and processed meat sector. Employing 4,100 people, the company has 12 plants and generates annual sales of around SEK8.3bn. The group’s Scan Foods AB subsidiary markets consumer products under the Scan brand.
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By GlobalData
