Who owns Elovena?
Elovena is owned by Raisio (Finland, HEL: RAIVV).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Our brands, Raisio plc. Last checked .
Key facts
- Current owner
- Raisio plc reported
- Owner HQ
- 🇫🇮 Finland
- Origin
- 🇫🇮 Finland
- Founded
- 1925
- Category
- Food › Breakfast cereal › Hot cereal & oats
- Parent ticker
- HEL: RAIVV HEL: RAIKV
- Last verified
- · 1 sources
About Elovena
Oat brand from Finland, with Elovena oat products made since 1925. Raisio says it was originally created by Karjalan Mylly in Vyborg, passed to Vaasan Höyrymylly Osakeyhtiö and finally to the Raisio Group in the 1990s. The brand is one of Raisio's two international brands, and the Elovena website centres on porridge, oat flakes and porridge recipes. All Raisio flakes are produced at its Nokia mill.
Ownership timeline of Elovena
Where Elovena sits in Raisio
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Raisio ownership tree →
See the full Raisio brand portfolio (5) →
Other brands owned by Raisio
Raisio controls 5 brands on Brandtree, 5 of them in food.
Also in food
Other brands in hot cereal & oats, and who owns them
Raisio has more brands in hot cereal & oats on Brandtree than any other owner: 2 of 13.
| Brand | Owner | Owner based in |
|---|---|---|
| Nutriline | CBL Group | 🇱🇰 Sri Lanka |
| Boom Box | Atlantic Grupa | 🇭🇷 Croatia |
| Cream of Wheat | B&G Foods | 🇺🇸 United States |
| Tres Ositos | Carozzi | 🇨🇱 Chile |
| Energen | Mayora | 🇮🇩 Indonesia |
| Quaker | PepsiCo | 🇺🇸 United States |
| Malt-O-Meal | Post Holdings | 🇺🇸 United States |
| Monati | RCL FOODS | 🇿🇦 South Africa |
About the owner: Raisio
Raisio is a publicly listed company headquartered in Finland, founded in 1939. Brandtree records 5 brands under its control, and it is listed as HEL: RAIVV and HEL: RAIKV.
Finnish food company that began as a wheat mill founded by Finnish farmers on 3 February 1939 and today concentrates on oat-based foods and the plant stanol ester behind Benecol. It sold its chemicals business in 2004, its confectionery business at the end of 2017, its cattle feed business in 2018, and its plant protein business with the Härkis and Beanit brands in March 2025.
🇫🇮 Elovena and other Finnish brands
Brandtree records a controlling owner for 63 brands that began in Finland. 21 of them (33%) are now controlled by a company headquartered in another country; Elovena is not one of them.
- Atria — Atria 🇫🇮
- Fazer Aito — Fazer 🇫🇮
- Finn Crisp — Lantmännen 🇸🇪
- Härkis — Valio 🇫🇮
- Mynthon — Cloetta 🇸🇪
- Risella — Ebro Foods 🇪🇸
Frequently asked questions
Who is the parent company of Elovena?
The parent company of Elovena is Raisio, a publicly listed company headquartered in Finland.
Is Elovena Finnish?
Yes. Elovena originated in Finland in 1925 and its owner, Raisio, is also headquartered in Finland.
Is Elovena still owned by Raisio?
Yes. As of 4 October 2026, Elovena is still owned by Raisio. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Our brands — Raisio plc, Official document; retrieved 4 October 2026.
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