In a significant move towards sustainable food production, Taaleri Bioindustry has announced a €10M investment in Finnish Food Factory, a producer of plant-based dairy products. This investment underlines a growing shift in the food industry towards more environmentally-friendly production methods. With increasing demand for plant-based alternatives, such partnerships and investments signify a pivotal period for businesses like Finnish Food Factory, which leverages local resources and expertise in plant-based products.
Previously recognized for its steady growth trajectory, Finnish Food Factory’s turnover rose from €1.2M in 2020 to €13.5M in 2024, demonstrating the plant-based sector’s potential. Earlier reports highlighted Finnish Food Factory’s collaborations with notable Nordic brands, bolstering its market presence. The firm’s focus on oat-based products complements the Finnish emphasis on sustainable and innovative food solutions.
How will the funds be used?
The investment from Taaleri Bioindustry Fund I represents its sixth commitment, part of the over €100M raised, with plans to allocate towards expanding Finnish Food Factory’s production capacity and market involvement. The fund’s alignment with reducing the carbon footprint in dairy production emphasizes the appeal of plant-based alternatives. This approach supports a broader industry trend of transitioning towards more sustainable production practices.
What is Taaleri Bioindustry’s role?
Established in 2007, Taaleri Bioindustry is dedicated to fostering investments in bio-based materials, supporting companies in scaling these into industrial productions. It plays a crucial role in Finnish bioeconomy advancements, leveraging its position within the Taaleri Group, which engages in diverse investment activities across private equity and insurance.
“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,” said Marjatta Rytömaa, MD at Taaleri Bioindustry.
Finnish Food Factory, which prioritizes contract manufacturing and innovation, collaborates closely with clients to produce plant-based alternatives designed to meet specific needs. Its ability to maintain product quality and taste ensures success in a diverse market appealing to both global and Nordic brands such as Fazer.
“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,” stated Tuomas Kukkonen, Chair of the Board at Finnish Food Factory.
Taaleri Bioindustry Fund I’s investment is another step in its strategy towards supporting bioeconomy and circular economy markets. By nurturing scale-ups and industrial-scale projects, it aims to lead in green investment solutions and contribute significantly to environmental sustainability.
Taaleri’s investment highlights a clear movement towards a more sustainable plant-based food industry, especially in Nordic countries renowned for their oat production. This collaboration not only ensures growth for Finnish Food Factory but also demonstrates Taaleri’s commitment to environmental sustainability. Increasing investments in plant-based alternatives can significantly contribute to reducing global carbon emissions and promote sustainable consumer habits.
