NIB Provides EUR 30 Million Financing to Support Snellman Group Production Expansion and Logistics Modernisation in Finland

Image: Oy Snellman Ab

(IN BRIEF) NIB has provided a EUR 30 million loan to Oy Snellman Ab to support investments in a new pet food factory in Pedersöre and a dispatch logistics centre in Pietarsaari. The projects will replace ageing facilities and are aimed at increasing production capacity, improving automation, and enhancing energy efficiency. The investment is expected to support Snellman Group’s growth, expand its product offering, and strengthen export opportunities while also improving operational performance and environmental impact. The financing highlights NIB’s role in supporting regional industry, food supply, and employment, while enabling long-term development for the Finnish family-owned company.

(PRESS RELEASE) HELSINKI, 20-Mar-2026 — /EuropaWire/ — NIB has entered into a 7-year loan agreement worth EUR 30 million with Oy Snellman Ab, the parent company of Snellman Group, to support a series of strategic investments aimed at modernising and expanding the company’s production and logistics capabilities in Western Finland.

The financing will contribute to the development of a new pet food production facility in Pedersöre as well as a planned dispatch logistics centre at the company’s existing food production site in Pietarsaari. These projects are designed to replace older infrastructure that is nearing the end of its operational lifecycle.

Through these investments, Snellman Group aims to increase production capacity, streamline logistics operations, and introduce higher levels of automation across its facilities. The upgrades are also expected to enhance overall energy efficiency, supporting the company’s efforts to improve its environmental performance while meeting growing demand.

The new pet food factory is expected to create opportunities for expanding into new product categories and strengthening export potential, while the dispatch centre will optimise distribution processes and improve operational flow. Together, the developments are positioned to support long-term growth and competitiveness.

The financing also reflects NIB’s continued support for regional industry, with the investment contributing to the stability and efficiency of domestic food production and supporting employment in the region.

Snellman Group, a Finnish family-owned company established in 1951, produces a broad range of meat products, ready-to-eat meals, and pet food, with a strong focus on using domestically sourced raw materials in its Finnish operations. The latest investment programme marks a further step in the company’s ongoing efforts to modernise its production base and strengthen its position in both domestic and international markets.

Media Contacts:

Seppo Halttunen, Senior Banker, +358 10 618 0411, seppo.halttunen@nib.int

Oliver Mølvang Hermansen, Associate Communications Officer, +358 10 618 0225, oliver.hermansen@nib.int

SOURCE: Nordic Investment Bank