Raisio Group

Raisio Oyj, known internationally as Raisio Group (Nasdaq Helsinki: RAIVV), is a Finnish company that makes healthy food and fish feeds. The company's brands include, for example, Benecol, Elovena, Sunnuntai, Torino and Benella. The headquarters are located in Raisio, Finland.[2]

Raisio Group
Julkinen osakeyhtiö
Traded asNasdaq Helsinki: RAIKV, RAIVV
IndustryFood industry
Founded1939
Headquarters
Raisio
,
Finland
Revenue€236,3 million (2019)[1]
Number of employees
319 (2019)[1]
DivisionsHealthy Food, Healthy Ingredients
Websitewww.raisio.com

Raisio has production sites in Finland in two locations. The Group's key market areas are Finland, the UK, Ireland, Russia and Poland. [3]

Raisio food factory in Raisio, Finland

Businesses

Healthy Food

The Healthy Food segment focuses on the consumer brands with Europe as its key market areas. The main products of the Healthy Food unit include breakfast, snack and baking products, Benecol products (cholesterol-lowering functional foods). The most recognised food brands are Benecol, Elovena, Provena, Sunnuntai and Nordic.[3]

Healthy Ingredients

The Healthy Ingredients segment includes the sale of fish feeds and Benecol product ingredient, grain trade and the sale of grain-based products to industrial and catering companies.[3]

History

The company was established in 1939 in Finland. Raisio got its start as Oy Vehnä Ab, a mill founded by Finnish wheat farmers to grind the wheat grown by its shareholders and to market the flour.[4]

Acquisitions and divestments

In 2004, the company divested its paper chemical division, Raisio Chemicals, to Ciba Specialty Chemicals.[5] In 2009, Raisio sold its margarine business to Bunge Limited.[6][7] Raisio Group acquired the British food company Glisten in 2010.[8] The next year, Raisio acquired Big Bear.[9] In November 2014 Raisio acquired the Benecol business from the affiliates of Johnson & Johnson in the UK, Ireland and Belgium and amended the agreement on the Northern American markets of Benecol.[10] In 2016 Raisio divested its snack bar business in the UK.[11]

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References
  1. "Raisio Board of Directors' Report and Financial Statements 2019". Raisio Group.
  2. "Raisio.com". Retrieved 20 May 2019.
  3. "Board of Directors' Report and Financial Statements 2019". Raisio. Retrieved 30 April 2020.
  4. "Raisio.com". Retrieved 20 May 2019.
  5. "2004 Industry Review". Chemical & Engineering News Volume 82, Number 51. American Chemical Society. 2004-12-20. pp. 26–33.
  6. "Raisio to sell margarine business, shares soar". Reuters UK. Thomson Reuters. 2009-05-14. Retrieved 2010-12-14.
  7. "Bunge Limited (BG) Company Profile". Reuters.com. Thomson Reuters. Retrieved 2010-12-14.
  8. "Raisio finalises UK snack food acquisition". Food&DrinkEurope.com. Decision News Media. 2010-04-08. Retrieved 2010-12-14.
  9. Raisio completes capture of Sugar Puffs owner Big Bear
  10. "Raisio acquired Benecol business from affiliates of Johnson & Johnson". Nasdaq Globenewswire. Retrieved 19 August 2015.
  11. "Raisio Sells UK Snack Bar Business | FDBusiness.com". Food & Drink business Europe. 2016-07-06. Retrieved 2017-05-25.
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