Lantmännen
| Company type | Agricultural cooperative |
|---|---|
| Founded | 2001 |
| Headquarters | , |
Key people | Magnus Kagevik (Group President CEO) |
| Revenue | ~18 billion SEK (2024) |
| Owner | 19 000 farmers[1] |
Number of employees | ~10 000 |
| Website | lantmannen |
Lantmännen (Swedish for "farmers", literally "land/rural men") is a Swedish agricultural cooperative. Owned by 19,000 Swedish farmers,[1] they have 10,000 employees, operations in over 20 countries and an annual turnover of SEK 18 billion (approximately EUR 6.2 billion).[2][3]
The cooperative owns several food brands, such as AXA, Kungsörnen, START!, Finn Crisp, Amo, Vaasan, Myllyn Paras, Bonjour, Hatting, Korvbrödsbagarn, and Scan.[3][4]
Acquisitions
In December 2023, Lantmännen announced the acquisition of HKScan's Swedish operations, including the brands Scan, Pärsons, and Bullens.[5] The transaction was approved by relevant authorities in early 2024, and brought Lantmännen all of the Swedish subsidiaries, personnel, and production facilities previously managed by HKScan Sweden AB.[6]
In September 2024, Lantmännen acquired Entrack, a supplier of wear parts and undercarriage components for construction and agricultural machinery. Entrack operates internationally in Sweden, Finland, Poland, and Italy.[7][8]
In August 2025 Lantmännen agreed to acquire Leipurin, a supplier of ingredients to bakeries and the food industry, from Finnish Aspo Plc. The acquisition covers Leipurin’s operations in Sweden, Finland, Estonia, Latvia, and Lithuania, with Leipurin employing around 160 people and generating an annual turnover of SEK 1.5 billion. The transaction is expected to provide Lantmännen with additional expertise in food ingredients and broaden the cooperative’s value chain across several key markets. The deal is subject to regulatory approvals and anticipated to close in early 2026, with Leipurin set to operate as an independent business unit within Lantmännen’s Energy Division.[9][10][11]
See also
References
- ^ a b About Lantmännen (official website)
- ^ "Highest operating income ever for Lantmännen – high dividend to Swedish farmers" (PDF). Lantmännen. 2025-02-11. Retrieved 2025-09-09.
- ^ a b "Årsredovisning med Hållbarhetsredovisning" (PDF). Lantmännen (in Swedish). Retrieved 2025-09-09.
- ^ "Our products". lantmannen.com. Retrieved 2021-05-22.
- ^ Honkanen, Jenni (2023-12-29). "HK-Scan vetäytyy Ruotsista 16 vuoden jälkeen ja myy liiketoimintonsa Lantmännenille". ts.fi (in Finnish). Retrieved 2025-09-09.
- ^ "The transaction of HKScan's Swedish business closed - HKFoods". www.hkfoods.com. 2024-03-27. Retrieved 2025-09-09.
- ^ Andersson, Av Ulrika (2024-07-11). "Entrack får ny ägare". Entreprenad (in Swedish). Retrieved 2025-09-09.
- ^ "Wolf Theiss advises Lantmännen Group on its acquisition of Entrack" (PDF). Wolf Theiss. 2024-09-03. Retrieved 2025-09-09.
- ^ "Inside information: Aspo to divest its Leipurin business to Lantmännen". Yahoo! Finance. 2025-08-15. Retrieved 2025-09-09.
- ^ "Maatalousosuuskunta Lantmännen osti uuden yhtiön – kauppahinnaksi arvioidaan 60 miljoonaa euroa". Maaseudun Tulevaisuus (in Finnish). 2025-08-15. Retrieved 2025-09-09.
- ^ "Lantmännen signs agreement to acquire Leipurin". Lantmännen. Retrieved 2025-09-09.