3 September 2008 - Finnish food producer Snellman has acquired 77% of the shares of Wikholm Food, a manufacturer of bakery products, sandwiches and sauces for the hotel, restaurant and catering sector (HORECA) sector.
"From Wikholm Food's point of view the purchase means that the company is incorporated with a company with a strong brand and high quality thinking. It opens new possibilities to Wikholm Food's established and rapidly growing operations. By combining the supply with Snellman's we can offer a more extensive supply and reach new target groups", said Wikholm Food's founder Ilkka Wikholm in a statement.
Snellman's MD Martti Vähäkangas also commented: "Wikholm Food has grown fast in the HoReCa sector through its high class products and know-how in foreign trade and distribution handling. Snellman continues with the known retail business strategy as a supplier of premium class food to the HoReCa sector as well. With this strategy, Wikholm Food and Snellman's meat processing and convenience food will offer an excellent supply to institutional kitchens. Wikholm Food is a suitable complement to Snellman considering the products and the new distribution channels".
Wikholm Food was founded in 1993 and has a production unit in Ulvila. The company's turnover is about 8 million euro and it employs 35 people.