Seinäjoki, Finland, 2016-06-27 14:00 CEST (GLOBE NEWSWIRE) -- Atria Plc, Company Announcement, 27 June 2016, 3:00 pm
Atria to invest EUR 14 million in developing Lagerbergs’ chicken production in Sweden
Atria is launching a long-term investment programme to develop Lagerbergs’ chicken production in Sweden. The investments will be devoted to the improvement of the entire production chain, from chicken rearing and industrial production to the strengthening of Lagerbergs’ brand.
Today, Atria’s Board of Directors has approved an investment plan of EUR 14 million for the development of Lagerbergs’ operations. The investments will be made in 2016–2018. As a result, production capacity will increase significantly at the Norjeby factory. The existing production facilities will be modernised and rebuilt, and production machinery will be renewed. Furthermore, new chicken rearing facilities will be built near the plant.
In April 2016, Atria purchased the entire share capital of Lagerberg i Norjeby AB (Lagerbergs), a Swedish poultry company. With the transaction, Atria expanded its business in Sweden to chicken processing. Lagebergs has a production plant and its own chicken rearing facilities in Blekinge, Southern Sweden. Lagerbergs is the third largest supplier on the Swedish chicken market. In addition to the chickens produced at its own rearing facilities, Lagerbergs acquires chickens from the contract producers located near the production plant. The company employs 120 people.
For more information, please contact Tomas Back, Atria Scandinavia’s Managing Director, tel. +46 70 348 00 05.
ATRIA PLC
Juha Gröhn
CEO
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