Apetit Plc launches project to restructure its business

Apetit Plc is launching a restructuring project which will look at combining into an integrated entity the company’s present Finnish-based consumer businesses. By revising the structure and operating procedures of the consumer businesses, the aim is to further boost Apetit’s standing among consumers as their preferred food solution and to be the preferred partner for our customers.

The company has previously combined businesses successfully, when it brought together the components of the Grains and Oilseeds business. The current plan of combining Apetit Pakaste, the Finnish Seafood business, Caternet Finland and the support functions for these is a natural step forward in the company’s drive to improve profitability and strengthen its growth prospects.

The new business structure is expected to be ready by the end of 2013. The restructuring should improve the cost efficiency of the business. The potential impact of the project in euro terms will be reviewed later as the project progresses. The likely effect of the restructuring on the Group’s reportable segments will be separately assessed as the project progresses towards implementation.

APETIT PLC 

Matti Karppinen
CEO

Further information:

Matti Karppinen, CEO, tel.  +358 (0)10 402 00

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