Sponsor Capital acquires majority stake in Myllyn Paras

The transaction includes the company's operations in Finland and its two Finnish production facilities.

Company owner Pekka Savela remains a minority shareholder in the business. He will continue to run the company's Russian business operations, which are not part of the agreement.

Company
Established in 1928 and based in Hyvinkää, Finland, Myllyn Paras supplies flour, flakes, bake-offs, pastries and frozen dough.

It started manufacturing laminated freezer plates in Finland in 1988. According to the company, it has a 70% market share in this sector. More recently, it specialised in baking pastries when its freezer factory started producing foods to bake in 2009.

The company posted a turnover of €91.4m in 2016.

People
Sponsor Capital – Sami Heikkilä (partner).
Myllyn Paras – Pekka Savela (owner); Kirsi Vesterinen (CEO).

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• Topics
• Buyouts
• Nordics
• Consumer
• Finland
• Sponsor Capital