Leipurin completes acquisition of Baltic food business

Aspo Plc's subsidiary Leipurin has completed the agreement to take over the food ingredients distribution business previously conducted by the Lithuanian company, Kartagena UAB.

The transaction transfers the warehouse, customer, and supplier relationships of Kartagena UAB's food distribution operations to Leipurin's Lithuanian entity. The arrangement is projected to generate approximately EUR 2 million in new annual revenues and roughly EUR 0.15 million in EBITA for Leipurin.

Aspo Oyj focuses on owning and developing its business operations sustainably and for the long term, aiming for its companies to be market leaders. The Aspo Group operates in 17 countries and employs approximately 800 professionals.