Lantmännen’s acquisition of the Finnish bakery company Vaasan Oy has been completed. Lantmännen’s and Vaasan’s operations complement each other well and the acquisition increases Lantmännen’s market position within the grain and food chain in the Baltic Sea region. Together with Vaasan, Lantmännen can create an even more competitive company with strong growth opportunities in Northern Europe and other parts of the world. Lantmännen announced the agreement to acquire Finland’s Vaasan Group in January.
Group President and CEO Per Strömberg is leaving Lantmännen to become CEO of ICA, starting on 16 April 2012 at the latest. Per Olof Nyman, Deputy CEO and CFO, will take over until a permanent successor has been appointed.