Taaleri Bioindustry Invests €10M In Finnish Food Factory To Boost Plant-Based Dairy Production

Finnish Food Factory is a contract manufacturer specialising in plant-based dairy products, including drinks, cooking ingredients, and snacks.

The company focuses on oat-based and other plant-based ingredients collaborating closely with clients through joint innovation and tailored manufacturing. Its advanced production methods ensure long shelf life while maintaining high quality and taste.

The company serves both Nordic and global brands including Fazer and has seen impressive growth, with revenue rising from €1.2 million in 2020 to €13.5 million in 2024. A broad customer base and reliable, on-time delivery support this success.

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The investment is the sixth for Taaleri Bioindustry Fund I, which has raised over €100 million in commitments and deployed about half to date. As an Article 9 fund, it backs sustainable businesses with a substantial environmental impact.

This funding will enable Finnish Food Factory to expand its production and increase its market presence, supporting the transition to lower-carbon, plant-based dairy alternatives.

Marjatta Rytömaa, MD at Taaleri Bioindustry, says, "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-added to its global customers."

Tuomas Kukkonen, Chair of the Board at Finnish Food Factory, adds, "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."

Founded in 2007, Taaleri Bioindustry invests in the development and large-scale production of bio-based materials, with a focus on the bioeconomy and circular economy sectors. Its portfolio includes scale-ups and industrial projects, and it is considered one of the first private equity owner-operators in Finland’s bioindustry space.

Taaleri Bioindustry is part of the Taaleri Group, which operates across investments, private asset management, and non-life insurance. The group manages €2.7 billion in assets and employs around 130 people. Taaleri Plc is publicly listed on Nasdaq Helsinki.

About Taaleri

Taaleri is a Finnish investment and asset management company that focuses on renewable energy, bioindustry, housing, and credit risk insurance. It combines financial expertise with a strong sustainability focus, managing €2.7 billion in assets. Taaleri supports impactful projects through private equity, direct investments and close partnerships with clients and stakeholders.