Leipurin divests bakery equipment trading business to Orat

Aspo's subsidiary Leipurin has entered into an agreement to sell its bakery equipment trading business to Orat Oy, a Finnish family company specializing in the import of machinery for the food industry. The deal, which includes the business and related inventory, is expected to close by the end of the year pending necessary approvals.

The business being divested serves Finnish bakeries and other food industry companies by supplying production equipment, along with related services and spare parts. The transaction is valued at approximately EUR 500,000.

Rolf Jansson, CEO of Aspo Group, stated the company is pleased to find a new owner for the business in Orat, noting its established history in machinery import for the food sector. This divestment aligns with Leipurin's strategy to focus on being a Nordic ingredient and service provider.

In 2022, the divested bakery equipment trading business reported net sales of EUR 2 million. Aspo anticipates that the transaction will not have a significant impact on its earnings. Aspo Group operates in 18 countries and employs approximately 800 professionals, aiming for market leadership in its various business segments.