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HKScan Streamlines Corporate Structure in Finland

07 January 2013

FINLAND - The mergers of Järvi-Suomen Portti Oy and Helanderin Teurastamo Oy into HK Ruokatalo came into force on 30 December following plans announced in June last year.

Correspondingly, HKScan Finland Oy’s merger with HK Ruokatalo Oy was registered on 31 December 2012.

The changes made HK Ruokatalo Oy a direct wholly owned subsidiary of HKScan Corporation.

By simplifying its corporate structure HKScan aims to harmonize the Group’s operational processes and streamline its internal administration. The mergers are of a legal nature and will have no impact on employees.

The employees from the merging companies transfer to HK Ruokatalo Oy without loss of holiday and similar entitlements. The Group’s restructuring will not impact the position of HKScan Corporation's shareholders or the Group's external reporting in any way.

TheMeatSite News Desk

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