Raisio, the Finnish firm behind brands such as Benecol, Elovena, Sunnuntai, Torino and Benella, has announced it is investing an estimated €45 million ($50.8 million) in a production facility for the development and manufacture of plant-based added-value products. Describing the investment as a response to the strong growth in demand for plant-based food, particularly in European markets, Raisio said it was continuing to invest in the growth of the cholesterol-lowering …
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Valeo Foods, the Irish foods company, is acquiring the confectionery arm of Finnish firm Raisio for an enterprise value of €100 million ($121 million). Raisio, predominantly known as the owner of the international Benecol brand, said that its confectionery operations in the UK and the Czech Republic would be transferred to become part of Valeo Foods via a share transaction. Raisio’s confectionery business includes the brands Poppets, Fox’s, XXX, Just and …
Raisio, the Finnish snacks, cereals, confectionery and dairy drinks firm, has announced that it it is selling its UK-based Halo Foods business – “the leading UK manufacturer of healthy snack bars”, according to the company webpage – to Dutch investment outfit Nimbus. Describing Nimbus as a “hands-on investor”, the Benecol brand owner said that key assets of Halo Foods, including its factories in Newport and Swindon and the Dormen brand, had been …
Finnish food group Raisio has launched Benecol powdered drink in China, partnering with Chinese healthcare group Neptunus. According to a Raisio press release, the firm has been working determinedly to open markets for Benecol products, particularly in Asia and South America which led to the latest launches in Brazil in November 2014, South Korea in February 2015, and the current rollout in China. Olavi Erkinjuntti, Sales Director of Raisio’s Benecol …
Finnish food products company Raisio has announced that it is launching its Benecol brand, associated with cholesterol lowering benefits, in Brazil. Working in partnership with Shefa, a local dairy producer, Raisio has unveiled a UHT milk under the name Shefa Benecol Lacteo. The new partnership supports Raisio’s target of expanding its business into other markets, according to a company statement. Shefa is a major Brazilian producer of dairy products and …
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