Raisio Group has completed the €8m ($8.9m) refurbishment of its oat mill in Nokia, Finland, to ramp up the export of its finished oat products, sold under the Elovena brand.
Finnish food maker Raisio has entered into a strategic alliance with Italian gluten-free specialist Dr. Schär in a deal the companies believe will open new avenues for speciality innovation.
Finnish supplier Raisio has turned in a bumper half-year with earnings before interest, tax and depreciation (EBIT) surging from €10.3m to €16.2m – a 73% rise.
Raisio is reaping the rewards of buying British snack brand Glisten with a 22 per cent increase in net sales in H1; with a new growth phase now underway, more acquisitions could be on the horizon.