OREANDA-NEWS.  March 12, 2013. Estonia's Maag Group announced that its meat products subsidiary, Maag Lihatoostus, has acquired a 100-percent stake in Finnish firm Pouttu for an undisclosed sum.

Pouttu is Finland's oldest name in meat products and its fourth largest producer in the field, a statement from Maag Group read. Located in Kannus, about 500 kilometers from Helsinki, it employs 280 people and had a turnover last year of 61.4 million euros.

The company said it expects the buyout to push own staff number to 786 people and boost its turnover to 174 million euros.