Makua Foods

Makua Foods manufactures, sources and imports pioneering products in chosen food categories. The company’s operations are based on long-term cooperation within the domestic market. Makua Foods actively searches for new interesting products for consumers and develops new operating models together with its retail customers. In 2014, MB Funds and Makua Foods management acquired a small liquorice company Makulaku Lakritsa Oy to act as an anchor company and to find more products suitable for the concept. The demand for food products grows at an even rate and changes happen constantly within the industry. The grocery stores face severe price competition and are constantly searching for new products. Makua Foods aims to work as a small and agile operator to find new niche products that entice consumers and have less price competition. In 2015, Makua Foods acquired Arho Nordic Oy (its name subsequently changed to Green Taste Oy), expanding the product range to Myrttinen pickled cucumbers, Pappagallo ice creams, Memmas Knossos olive oils and San Benedetto beverages. In 2016, Makulaku Lakritsa invested in a modern production line, which has led to a strong increase in the exports of liquorice.