HKScan Corporation Press Release 18 November 2019, at 12 am
HKScan Corporation and Hes-Pro (Finland) Oy have signed a cooperation agreement to develop, produce and launch plant-based protein products. Hes-Pro Oy is part of the same group of companies as the fast food chain Hesburger. Change in consumer buying behaviour has increased the demand for plant-based protein products and both the companies want to be strongly present in this growth. In line with the cooperation agreement, HKScan will launch plant-based protein products during the first half of 2020, first in the food service channel and later in retail. The products are developed by Hes-Pro that will initially also manufacture the products at its new production unit in Kaarina (Finland). The parties will later look into expanding production to HKScan’s units as well.
“Cooperation with Hes-Pro, part of the Hesburger group, is a natural step for HKScan as a part of its new Group strategy implementation and supports the company’s target to grow into a versatile food company and to expand into new product categories and raw materials. Responsibly produced meat and meat products will continue to be at the core of HKScan’s operations, but to establish a broader base for our future growth, we want to be actively present in new consumer trends. Hes-Pro has done excellent work on the development of plant-based protein products and it is great to start working with them. The collaboration is a good example of HKScan’s partnership strategy whereby we are involved in evolving product categories and sales channels also through strong partnerships," says HKScan’s CEO Tero Hemmilä.
New plant-based protein products will be first launched in Finland, but HKScan is also looking into opportunities to sell the products in its other home markets in the Baltic Sea region. HKScan will launch the products in the strongly growing food service channel and in the evolving retail under the company’s own brands.
Hes-Pro has long been working on the development of plant-based protein products. Heikki Salmela, Chairman of the Hes-Pro Board: “We recognised the growing need for plant-based protein products several years ago and started developing our own plant-based protein products. Our goal is to make exceptionally tasty products using our own recipe. We have been looking for a suitable partner to launch our products widely to the consumer market. We were looking for an experienced partner with a strong presence in the consumer market and a wide geographical reach. So it is great to start working with HKScan, a company with an extensive sales and distribution network in the Nordic countries. I believe that the partnership with Hes-Pro will also support HKScan’s goal to grow as a versatile food company."
Heikki Salmela, Chairman of the Board, Hes-Pro (Finland) Oy, tel. +358 40 053 0302
Tero Hemmilä, HKScan’s CEO, tel. +358 10 570 2012
Media contacts: HKScan Media Service Desk tel. +358 10 570 5700 or email firstname.lastname@example.org
HKScan Corporation is a publicly listed meat and food company with over one hundred years of experience in responsible Nordic food production for customer and consumer needs. HKScan’s sustainable way of operating spans the entire value chain, from farm to consumer. Our nearly 7,200 professionals ensure our promise of high-quality products that taste good. Our home markets cover Finland, Sweden, Denmark and the Baltics. Our diverse product selection includes poultry, pork, beef, and lamb products as well as charcuterie and meals. The company’s strong consumers brands are HK®, Kariniemen®, Via®, Scan®, Pärsons®, Rakvere®, Tallegg® and Rose®. In 2018, HKScan’s net sales were EUR 1.7 billion.