Heinon Tukku has some 450 employees and is one of the leading foodservice market operators in the greater Helsinki region. In 2018, the combined net sales of Heinon Tukku and Kalavapriikki Oy, a company specializing in fish processing, amounted to €264 million and comparable pro forma operating profit to €10.0 million, taking into account the impact of properties acquired. Kesko will also assume ownership of Kalavapriikki Oy and the delivery and cash & carry outlet properties in Espoo, Helsinki, Kuopio and Vantaa. The wholesale company Kespro is part of Kesko’s grocery trade division and serves foodservice (hotel, restaurant and catering) and public sector customers in Finland. Kespro employs some 500 people and in 2018, the company recorded net sales of €872 million. Kespro has 14 cash & carry outlets across Finland. Heinon Tukku will complement Kespro’s current service offering and network especially in the greater Helsinki region, also enabling significant synergies.
The acquisition is subject to approval by the Finnish Competition and Consumer Authority and the fulfilment of the other terms and conditions of the transaction. The transaction is expected to be completed during 2019.