Atria acquires the entire share capital of Domretor
Atria Finland has acquired the entire share capital of Domretor Oy, a contract manufacturer in the food industry located in Kauhava, in an acquisition completed on September 30, 2020. Domretor Oy has been an associated company of Atria since 2013, when Atria acquired a 24.9 percent stake in Domretor.
Domretor started operations in 1999 and is a contract manufacturer of high-quality convenience food products and semi-finished products.
- With the acquisition, Atria will further strengthen its position in the retail convenience food selections and in the market for Food Service products. Domretor will continue to operate independently as its own company and now Domretor has better opportunities to utilize all of Atria's customer channels. We have been very satisfied with the long-term cooperation with Domretor, where the flexible operating method and expertise of a small player have been able to be utilized effectively, says Mika Ala-Fossi, Managing Director of Atria Finland.
- Atria's customer channels and the support of a large company strengthen Domretor's position in the market. It is important to us that the company's operations continue and that jobs are maintained in Kauhava, says Åsa Alanko, Managing Director of Domretor Oy.
The parties have agreed not to disclose the purchase price. The purchase price does not have a significant effect on Atria's financial position or result.
Domretor Oy's production plant is located in Kauhava and the company employs 70 people on a permanent basis and about 40 seasonal workers.
For more information, please contact Mika Ala-Fossi, Managing Director of Atria Suomi, tel. +358 40 8310342 and Åsa Alanko, Managing Director of Domretor Oy, tel. +358 50 596 6153.