Vaaka picks up LTP Logistics

Vaaka aims to improve the company's management and monitoring systems. The GP also hopes to double turnover within the next few years.

In addition to LTP, Vaaka also acquired majority holdings in two other companies belonging to the same service chain, Lännen Teollisuuspalvelu and LTP Service.

As part of the transaction, three executives from the food sector were appointed to LTP's board of directors: Matti Perkonoja, former CEO of food producer HKScan; Markku Kettinen, former purchasing director at Tuko Logistics; and Heikki Järvensivu, a food sector consultant.

Company
Headquartered in Vantaa, LTP manages the flow of goods in the food sector. It combines the food deliveries of multiple producers into larger consignments and delivers them to the distribution networks of retail chains. Its main clients include small and medium-sized food producers.

The business has a turnover of €20m and employs 150 people.

People
Vaaka Partners – Reijo Grönholm (partner).
LTP Logistics – Matti Tuominen (CEO).

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• Vaaka Partners Ltd (Formerly Pohjola)