HKFoods explores options for the Polish bacon plant, including potential sale

The Hkfoods Finnish meat processor is evaluating the options of its bacon production unit in Swinoujście, Poland, including a potential sale.

In a stock market presentation published today (April 28), the company, previously contributed as Hkscan, said that “preliminary research” has begun to consider the future of the Polish plant.

The evaluation is part of the company’s continuous evaluation of its group structure with the sale of potential plants “aimed at strengthening the group’s balance,” added the statement.

The Polish unit has around 300 employees, according to HKFoods.

The company said it would provide more details about the installation plans “when appropriate and not to comment anymore in this phase.”

In recent years, Hkfoods has said that it has been “significant restructuring” to “increase its financial flexibility”, which included the sale of its businesses in the Baltic, Sweden and Denmark.

In May the company signed an agreement to sell his Danish subsidiary In the poultry group, in countries, rainfall Food Group, for 44.6 million euros ($ 47.6 million).

Hkfoods also sold his Swedish business in the local agri -food group Lantmännen in 2024.

The results of 2024 were published in February. HKFood sales of continuous operations stood at 1 million euros, 7.4% more than the previous year, driven by the “good” demand of consumers and commercial activities “successfully”.

The EBITDA of continuous operations amounted to 56.3 million euros, 24.8% increase since 2023.

The loss of the period for continuous operations was reduced to 1.8 million euros, compared to a loss of € 17.3 million by 2023.

HKFoods estimates that its Polish subsidiary will generate clean sales of approximately € 70 million by 2025.

In March, Hkfoods closed a Slaughterhouse in the city of Paimio, FinlandAs the number of livestock decreased.

Operations performed by the company’s Totastamo Totastamo business had to be transferred to the “External Services Provider” Liha Hitanen in Sastamala on March 31, HKFoods said in a statement.

“HKFoods explores Polish bacon plant options, including potential sale,” was created and published originally Just fooda brand of Globaldata property.

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