Kouvola-based Finnish Meals Manufacturing unit, a contract producer of other plant-based diary merchandise, introduced they’ve secured €10 million.
The funding comes from the Taaleri Bioindustry Fund I, an Article 9 fund that appears to help the transition in the direction of extra sustainable, plant-based dairy manufacturing.
“Finnish uncooked supplies – significantly oats – have change into a staple in customers’ diets. With a few years of experience in plant-based merchandise, the cornerstone of our operations is environment friendly, revolutionary and dependable manufacturing. We’re excited to welcome Taaleri Bioindustry as our development companion,” says Tuomas Kukkonen, Chair of the Board at Finnish Meals Manufacturing unit.
Based in 2020, Finnish Meals Manufacturing unit specialises within the manufacturing of plant-based dairy alternate options for well-established international and Nordic manufacturers, together with Fazer. The corporate says it has elevated its turnover greater than tenfold from 2020 (€1.2 million) to 2024 (€13.5 million). This development is attributed to their broad buyer base and the corporate’s potential to ship high-quality, aggressive merchandise effectively and on schedule.
Their plant-based merchandise embody: Oat and pea-based drinks, Spoonable yogurts, Cooking merchandise, e.g. oat and pea-based cooking lotions, Protein drinks, Sauces, Spreads, Espresso, cocoa and tea drinks, and Meal alternative drinks.
In accordance with Taaleri, the carbon footprint of oat milk is considerably decrease than conventionally produced cow’s milk.
“We’re happy to start our collaboration with Finnish Meals Manufacturing unit. With its skilled staff, the corporate has achieved profitable development in each native and worldwide markets whereas constantly delivering dependable manufacturing and value-add to its international prospects,” says Marjatta Rytömaa, Managing Director at Taaleri Bioindustry.
The funding is Taaleri Bioindustry Fund I’s sixth funding. The fund has raised over €100 million in commitments, of which roughly half has been deployed.
Taaleri Bioindustry is a part of Taaleri Group. Taaleri is a specialist in investments, non-public asset administration and non-life insurance coverage, powering change with capital. Taaleri has €2.7 billion of belongings below administration in its non-public fairness funds, co-investments and single-asset automobiles.
