Raisio Group

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See also the town of Raisio
Raisio Oyj
TypeJulkinen osakeyhtiö
Nasdaq Helsinki: RAIKV, RAIVV
IndustryFood industry
Founded1939
Headquarters
Raisio
,
Finland
Revenue€234 million (2020)[1]
Number of employees
342 (2020)[1]
Websitewww.raisio.com

Raisio Oyj, known internationally as Raisio Group, is a Finnish company specialised in healthy, responsibly produced food and fish feeds.

Raisio Group's well-known international brands are Benecol and Elovena.

Benecol foods were launched in Finland in 1995 as part of major public health initiative to lower the nation’s cholesterol. Two decades later Benecol product range has grown to include spreads, yogurts and yogurt drinks trusted by millions around the world.[2]

In 2020, the Group’s net sales totalled EUR 234 million and comparable EBIT was EUR 28 million. Raisio employs some 350 persons.[3] Raisio’s production plants are in Finland and the company has operations in ten countries. The Group’s headquarters is in Raisio, Western Finland. The key markets of Benecol products are Finland, the UK, Poland, Ireland and Belgium.[4]

In 2004, the company divested its paper chemical division, Raisio Chemicals, to Ciba Specialty Chemicals. In 2009, Raisio sold its margarine business to Bunge Limited. Raisio Group acquired the British food company in 2010. The next year, Raisio acquired Big Bear. 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. In 2016 Raisio divested its snack bar business in the UK.

The main target for 2007 was to improve profitability through streamlining, focusing and enhancing operations. Hereby Raisio divested its food potato and diagnostics businesses and carried through several minor structural changes. Raisio and its partner McNeil signed an agreement that returned Benecol rights to Raisio. The company divested its confectionery business in the end of 2017 and the cattle feed business in 2018. The strategy 2019–2021 has a clear focus on healthy, responsibly produced food.[5]

References[]

  1. ^ a b "Raisio Board of Directors' Report and Financial Statements 2020" (PDF). Raisio Group.
  2. ^ "About Benecol – Benecol". Benecol - UK. Retrieved 2021-03-30.
  3. ^ "Raisio Board of Directors' Report and Financial Statements 2020" (PDF).
  4. ^ "Raisio at a glance | Raisio - About us". Raisio. Retrieved 2021-03-30.
  5. ^ "History | Raisio - About us". Raisio. Retrieved 2021-03-30.

External links[]

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