Snellman Group

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Snellman Group - overview

Location

Jakobstad, -, Finland

Primary Industry

Food

About

Based in Finland, Snellman Group is engaged in meat production, specializing in high-quality food products, including ready meals and pet food, catering to both retail and foodservice markets. Snellman Group produces a variety of meat products and has expanded its operations to include ready-to-eat meals and pet food. The company is headquartered in Jakobstad, Finland. Founded by the Snellman family, the company has focused on using local ingredients to ensure quality in its offerings.


Snellman Group specializes in the production of high-quality food products across several segments, including meat processing, ready meals, and pet food. The company’s core offerings include a variety of meat products under the Snellman brand, ready-to-eat meals from Kokkikartano, and artisanal paninis from Mr. Panini. Additionally, they produce natural raw food for pets through the MUSH brand, catering to the growing demand for pet nutrition.


The company primarily serves customers in Finland and Sweden, and its products are available in retail stores, foodservice operations, and through direct to consumer channels. Snellman Group focuses on delivering quality by utilizing local and pure ingredients, aiming to meet the needs of both everyday consumers and professional kitchens. Snellman Group generates revenue through a diversified business model that includes both B2B and B2C transactions. The company sells its products directly to consumers through retail outlets as well as through partnerships with foodservice providers and wholesalers.


Transactions typically involve bulk orders from retailers and contracts with restaurants and catering services for ready-made meals. While specific pricing structures for their flagship products, such as Snellman meat products or Kokkikartano ready meals, are not disclosed, the company’s focus on high-quality, locally sourced ingredients positions it as a premium player in the market. The revenue structure is designed to cater to various customer segments, ensuring a strong foothold in both the retail and professional culinary sectors. Snellman Group is actively pursuing growth through the introduction of new product lines, such as innovative ready meals and premium meat options, with launches expected in the upcoming fiscal year.


The company plans to expand its market presence beyond Finland and Sweden into other Nordic countries by 2025. Recent funding will be allocated to enhance production capabilities and support the marketing of these new offerings, ensuring alignment with the anticipated market demand.


Primary Industry

Food

Sub Industries

Pet Products, Snack Foods

Website

www.snellmangroup.fi/

Total Amount Raised

Subscriber access only

Snellman Group - financials

Fiscal Year EndedDec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)309,673,0005,528,277.1296,130,000289,865,000306,719,000356,288,000372,014,000---
% Revenue Growth (YoY)-(98.2%)5256.6%(2.1%)5.8%16.2%4.4%---
EBITDA (USD)20,610,0001,538,228.422,886,00020,583,00021,654,00027,766,00030,443,000---
Operating Income (USD)8,995,000450,040.511,839,0008,465,0008,037,00014,638,00017,068,000---
Operating Margin2.9%8.1%4.0%2.9%2.6%4.1%4.6%---
% EBITDA Margin6.7%27.8%7.7%7.1%7.1%7.8%8.2%---
NET Income (USD)5,282,0003,878,553.17,969,0006,055,0006,009,00011,530,00013,059,000---
% Net Margin1.7%70.2%2.7%2.1%2.0%3.2%3.5%---

Snellman Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedBenyfit Natural Pet Food Ltd-

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