Chicken producer Scandi Standard has agreed to acquire Finnish food producer Huttulan Kukko for €10m.
Huttulan, which started operations in a newly built facility last year, has developed a concept based on Finnish chicken which it sells to retail and foodservice customers.
With around 42 employees, Huttulan's facility currently processes close to 1.4 million chicken every year, despite the potential to process 10 million.
Since February this year, Huttulan has also sold limited quantities of the Swedish Kronfgel brand to its customers in Finland.
Scandi Standard CEO Leif Bergvall Hansen said: "Finland is a very attractive market for Scandi Standard which shares many of the features of quality, health and welfare of chicken with the other Nordic countries.
"This acquisition brings to Scandi Standard an established team in Finland with a new business and a new processing facility. It is a good first, small step into this promising market."
The acquisition will not have a material impact on Scandi Standard's consolidated sales and earnings this year.