Seinäjoki, Finland, 2016-09-12 12:00 CEST (GLOBE NEWSWIRE) --
Atria Plc COMPANY ANNOUNCEMENT 12 September 2016 at 13.00
Finnish Competition and Consumer Authority approved Atria's acquisition of Kaivon Liha Kaunismaa Oy
The Finnish Competition and Consumer Authority appraoved Atria's acquisition of 70 per cent of Kaivon Liha Kaunismaa Oy (Kaivon Liha) shares today on 12th of September 2016. The approval does not include any terms or conditions. The deal between Atria and Kaivon Liha will be finalised and purchase price confirmed during October 2016.
Kaivon Liha focuses its business on the processing and wholesale of beef. The company's customers are mainly fast-food chains and other food service customers. Kaivon Liha has a strong market position in Finland as a manufacturer of high-quality hamburger and kebab products. The product range of Kaivon Liha complements Atria's product range in beef products.
Atria's annual net sales is expected to increase by about EUR 40 million. Kaivon Liha production plant is located in Turku, Finland and has about 50 employees.
For further information, please contact, Mika Ala-Fossi, Managing Director of Atria Finland, tel. +358 40 831 0342.
ATRIA PLC
Juha Gröhn
CEO
DISTRIBUTION:
Nasdaq Helsinki Ltd
Major media
www.atria.com