Aventum Partners acted as an adviser to family-owned TukkuHeino and management owners on all aspects of the sale of Heinon Tukku to Kesko.
Heinon Tukku is among the leading foodservice wholesale operators in Finland with strong presence in the greater Helsinki region. The roots of Heinon Tukku date back 120 years. Today Heinon Tukku serves thousands of customers from its delivery locations in Espoo and Kuopio and cash & carry locations in Helsinki and Vantaa and has approximately 450 employees. In addition to Heinon Tukku wholesale business, the group includes Kalavapriikki, a specialist in Fish processing.
Heinon Tukku together with Kalavapriikki Oy and the delivery and cash & carry outlet properties in Espoo, Helsinki, Kuopio and Vantaa was sold to Kesko, the third biggest retail operator in the Northern Europe. The combined net sales of Heinon Tukku and Kalavapriikki amounted to €264 million and comparable pro forma operating profit to €10 million, considering the impact of properties sold. The transaction was signed in May 2019 and completion is subject to approval by the Finnish Competition and Consumer Authority. The transaction is expected to be completed during 2019.
For further information regarding the transaction contact:
+358 40 555 4737