Scan AB proposes acquisition in Sweden

by Editor
Thursday, November 22, 2007

Scan AB, the company responsible for HKScan Corporation’s Swedish business, has expressed an interest in acquiring the business of KLS Livsmedel. KLS is based in southern Sweden, where it engages in meatpacking in Kalmar and meat processing in Gothenburg. A cooperative owned by 2,800 meat producers, KLS Livsmedel has nearly 300 employees and its turnover in 2006 was SEK 905 million (ca. EUR 98 million).

The acquisition would strengthen the food industry in Sweden and enhance beef production in particular in southern Sweden. The KLS meatpacking plant in Kalmar is of strategic significance to Scan and would make it possible for Scan to continue profitable growth in southern Sweden.