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HKScan to Merge Estonian Subsidiaries

20 March 2014

ESTONIA - Finnish based meat processor HKScan is to merge its two Estonian subsidiaries, AS Rakvere Lihakombinaat and AS Tallegg, to form AS HKScan Estonia.

The merger will take place on 30 May and is a further step in an ongoing process to clarify and streamline the company’s legal structure.

In compliance with guidelines finalised in summer 2013, HKScan will change the name of its Latvian subsidiary AS Rigas Miesnieks to AS HKScan Latvia and its Lithuanian subsidiary UAB Klaipedos Maisto Mesos Produktai to UAB HKScan Lietuva.

These changes will have no impact on the standing or identity of existing product brands.

HK Scan said the merger is purely of a legal nature and will have no impact on employees.

The new naming structure is intended to clarify the HKScan brand strategy and strengthen the Group identity both internally and externally.

These policy changes follow in the wake of strategic and organisational reforms initiated in 2012 to improve HKScan’s profitability and operational efficiency and to build a stronger, unified corporate culture.

TheMeatSite News Desk

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