Valio acquires Härkis and Beanit fava bean brands from Raisio
Sector: Food and Beverage
Type of deal: Acquisition of assets / business transfer
PwC Finland provided financial and carve-out due diligence as well as tax advisory services to Valio in their acquisition of Härkis® and Beanit® plant-based protein manufacturing business and assets from Raisio Oyj. The disclosed purchase price was €7m.
The acquisition is one step towards executing Valio’s strategy to transform from dairy company to food manufacturer by strengthening Valio’s own manufacturing capabilities alongside of the current Gold&Green® business.
The revenue of Raisio’s plant-based protein business in 2023 was €5.5m and will complement Valio’s portfolio of ready-to-eat plant-based protein products for consumers and plant-based protein ingredients for the food service customers, and further strengthen Valio’s positioning in the market.
Deal announcement date: 13 February 2025
PwC’s role: Financial & carve-out due diligence and tax advisor
PwC Finland's team of experts consisted of Antto Suhonen, Eija Kuivisto, Niko Korpua, Marko Koski, Markku Hakkarainen, Kalle Pirinen, Tiia Hirvasniemi, Joonas Ojala, Elina Hietanen, Kaisa Lamppu and Aapo Jukola.
