LÄNNEN TEHTAAT'S CORPORATE ACQUISITION IN NORWAY CONFIRMED
LÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE February 28, 2007 at 1;30 pm
LÄNNEN TEHTAAT'S CORPORATE ACQUISITION IN NORWAY CONFIRMED
Lännen Tehtaat announced in its stock exchange release of February 6, 2007, that
it will strengthen its Food Division and accelerate the growth of its fish
product operations by purchasing the shares of the Norwegian Maritim Food AS
from Brynild Gruppen AS. The deed of purchase was signed on February 6, 2007.
The finalisation of the purchase was subject to the approval of the Norwegian
competition authorities. As the Norwegian authorities have not made a request
for a merger notification within the legally required period of time, the
purchase has been approved. The purchase has been finalised today.
Maritim Food AS and its Swedish subsidiaries Maritim Food Sweden AB and Maritim
Food Sweden Egendom AB, as well as a 47.5% interest in Sandanger AS, an
associated company of Maritim Food AS, will be incorporated into the Lännen
Tehtaat Group as of the beginning of March.
Maritim Food is one of the leading fish product manufacturers in Norway. The
company has clients in the retail and hotel/restaurant/catering sector. The
company sells and markets fish and shellfish products in Norway, Sweden and
Finland. Together Maritim Food AS and Apetit Kala Oy will be one of the leading
Scandinavian fish product manufacturers. In Norway and Finland their products
will be distributed within the nationwide retail sector, and in Sweden
comprehensively throughout the country within the hotel/restaurant/catering
sector. The companies aim to utilise their joint know-how, particularly in the
procurement of raw materials and in the manufacture and selling of products
within the Northern Baltic region.
In accordance with its operational strategy, Lännen Tehtaat is focusing on the
food business and aims to strengthen its position as one of the leading Finnish
food manufacturers. The corporate acquisition is in line with the company's
operational strategy.
LÄNNEN TEHTAAT PLC
Matti Karppinen
CEO
For additional information: Matti Karppinen, CEO, tel. +358 10 402 4001
Distribution:
Helsinki Stock Exchange
Main media
www.lannen.fi