HKFoods explores options for Poland bacon plant

Finnish nutrient processor HKFoods is assessing options for its bacon accumulation portion successful Swinoujście, Poland, including a imaginable sale.

In a banal speech filing published contiguous (28 April), the company, antecedently trading arsenic HKScan, said it has started “preliminary investigations” to see the Polish plant’s future.

The appraisal is portion of the company's ongoing valuation of its radical operation with the imaginable works merchantability “aimed astatine strengthening the group’s equilibrium sheet”, the connection added.

The Polish portion has astir 300 employees, according to HKFoods.

The institution said it volition supply further details connected the plans for the installation “when due and volition not remark further astatine this stage”.

Over caller years, HKFoods said it has undergone “major restructuring” to “increase its fiscal flexibility”, which included the merchantability of its businesses successful the Baltics, Sweden, and Denmark.

In May, the institution signed a woody to merchantability its Danish subsidiary to Netherlands-based poultry radical Plukon Food Group for €44.6m ($47.6m).

HKFoods besides sold its Swedish concern to section agri-food radical Lantmännen successful 2024.

Results for 2024 were published successful February. HKFoods’ nett income from continuing operations stood astatine €1bn, up 7.4% from the erstwhile year, driven by “good” user request and “successful” commercialized activities.

EBITDA from continuing operations roseate to €56.3m, a 24.8% summation from 2023.

The nonaccomplishment for the play from continuing operations narrowed to €1.8m, compared to a nonaccomplishment of €17.3m successful 2023.

HKFoods estimates its Polish subsidiary volition make nett income of astir €70m successful 2025.

In March, HKFoods closed a slaughterhouse successful the municipality of Paimio, Finland, arsenic cattle numbers declined.

Operations conducted by the company’s Paimion Teurastamo concern were to beryllium transferred to the “external work provider” Liha Hietanen successful Sastamala by 31 March, HKFoods said successful a statement.

"HKFoods explores options for Poland bacon plant" was primitively created and published by Just Food, a GlobalData owned brand.

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