Midsona acquires Danish plant-based foods company with sales of SEK 562 million
Midsona AB (publ) today announced that it has acquired System Frugt A/S, a leading Nordic provider of plant-based foods with its premium brand Earth Control. The acquisition strengthens Midsona’s position within dried fruit and nuts. In 2020 System Frugt is expected to achieve sales of SEK 562 million and adjusted EBITDA of SEK 38 million. The total purchase price is SEK 298 million on a debt-free/cash-free basis and was financed with existing cash resources and credit facilities. Midsona expects annual synergies of SEK 34 million, with full effect from the end of 2022. Pro forma, the