- Business
- Aspo Oyj Aspo Oyj is a Finland-based holding company that owns and develops business-to-business operations in shipping, chemicals distribution, and food industry supplies; it operates through three primary segments including ESL Shipping, which provides marine transportation of raw materials for the energy and heavy industry sectors along with related services; Telko, which supplies plastic raw materials, industrial chemicals, and lubricants to industries and trade while offering technical support and production process development; and Leipurin, which engages in bakery and food service businesses encompassing raw materials, machinery, and specialty ingredients. Founded in 1929 and headquartered in Espoo, Finland, Aspo Oyj employs approximately 800 professionals and serves customers primarily in the Nordic region, Scandinavia, Baltic countries, other European countries, parts of Asia, and 18 countries overall with a focus on sustainable, market-leading solutions for industries such as energy, manufacturing, and food. Recent developments include the 2024 acquisition by subsidiary Telko Oy of Swed Handling AB, a leading Swedish chemical distributor, and by Leipurin Oyj of Kebelco AB, a technical food ingredient distributor, for approximately EUR 43 million plus earnout, positioning Sweden as Aspo's largest market by net sales; in August 2025, Aspo announced the planned divestment of the Leipurin business to Lantmännen subject to regulatory approvals; and the company continues strategic evaluation of alternatives for ESL Shipping and Telko, including potential divestments or partial demergers by end-2026, alongside a 2023 relocation of its head office to Keilaniemi in Espoo for enhanced collaboration and cost efficiency.