Kesko acquires Finnish wholesaler Heinon Tukku Oy

Source: Kesko, Friday, May 10, 2019

Finland’s multi-format retail major Kesko has agreed to acquire foodservice wholesaler Heinon Tukku Oy from privately-held Tukkuheino Oy and individual shareholders. The deal will boost the growth of its Kespro HoReCa wholesale arm, which has 14 cash & carry outlets in Finland and delivered EUR872 million in sales for 2018.

Heinon Tukku is a leading foodservice operator in the greater Helsinki region. Combined net sales of Heinon Tukku and Kalavapriikki Oy, a fish processing specialist, were EUR264 million. Kesko will also assume ownership of Kalavapriikki Oy and the delivery and cash & carry outlet properties in Espoo, Helsinki, Kuopio, and Vantaa.