Func Food Group Oy acquires CocoVi Import Oy to create the largest operator in Finland's health food sector, targeting nearly €30 million in revenue for 2014.
Target Information
Func Food Group Oy, a rapidly growing entity in the health food sector, has announced its acquisition of CocoVi Import Oy, a Finnish company renowned for its CocoVi brand. The CocoVi brand is celebrated for its nutrient-rich foods and snacks, often categorized as 'superfoods'. This strategic acquisition aims to bolster Func Food's market position in the health and nutrition market across the Nordic region.
The combined strengths of Func Food's FAST brand and CocoVi will create the largest operator in Finland specializing in sports nutrition, healthy snacks, and nutrient-dense food products. The partnership anticipates achieving a revenue target of nearly €30 million for the year 2014.
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Industry Overview in Finland
The Finnish health food industry has seen significant growth in recent years, driven by increasing consumer awareness of nutrition and wellness. More individuals are seeking alternatives to traditional snack
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Disclosed details
Revenue: $32M