Kesko has agreed to acquire the foodservice wholesaler Heinon Tukku Oy from the family-owned company Tukkuheino Oy and private individuals. The transaction enables Kesko to execute its growth strategy and increase its offering in the growing foodservice market. The acquisition is subject to approval by the Finnish Competition and Consumer Authority and the fulfilment of the other terms and conditions of the transaction. The transaction is expected to be completed during 2019.
Heinon Tukku has some 450 employees and is one of the leading foodservice market operators in the greater Helsinki region. In 2018, the combined net sales of Heinon Tukku and Kalavapriikki Oy, a company specialising in fish processing, amounted to €264 million and comparable pro forma operating profit to €10.0 million, taking into account the impact of properties acquired. Kesko will also assume ownership of Kalavapriikki Oy and the delivery and cash & carry outlet properties in Espoo, Helsinki, Kuopio and Vantaa.