Taaleri Bioindustry invests in Finnish Food Factory to support plant-based dairy alternatives
Taaleri Bioindustry invests €10 million
Advertisement
Taaleri Bioindustry Fund I is investing EUR 10 million in Finnish Food Factory, a rapidly growing contract manufacturer of plant-based dairy products. The company specialises in the production of plant-based dairy alternatives for well-established global and Nordic brands, including Fazer. Finnish Food Factory has increased its turnover more than tenfold from 2020 (EUR 1.2 million) to 2024 (EUR 13.5 million). This growth is underpinned by a broad customer base and the company’s ability to deliver high-quality, competitive products efficiently and on schedule.
With this investment, Finnish Food Factory is poised to expand its production capabilities, driving long-term growth and broader market reach. Through its investment, the Article 9 fund is supporting the transition towards more sustainable, plant-based dairy production. The carbon footprint of oat milk is significantly lower than conventionally produced cow’s milk.
“We are pleased to begin our collaboration with Finnish Food Factory. With its experienced team, the company has achieved successful growth in both local and international markets while consistently delivering reliable production and value-add to its global customers,” says Marjatta Rytömaa, Managing Director at Taaleri Bioindustry.
“Finnish raw materials – particularly oats – have become a staple in consumers’ diets. With many years of expertise in plant-based products, the cornerstone of our operations is efficient, innovative and reliable production. We are excited to welcome Taaleri Bioindustry as our growth partner,” says Tuomas Kukkonen, Chair of the Board at Finnish Food Factory.
The investment is Taaleri Bioindustry Fund I’s sixth investment. The fund has raised over EUR 100 million in commitments, of which approximately half has been deployed.
Other news from the department business & finance
More news from our other portals
Something is happening in the food & beverage industry ...
This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.