Atria to acquire the procurement, slaughtering and meat cutting operations of
Atria to acquire the procurement, slaughtering and meat cutting operations of
Liha-Pouttu Oy
Atria Finland Ltd will acquire from Pouttu Oy the meat procurement, slaughtering
and meat cutting operations of Liha-Pouttu Oy. Packing of retail-packed meat is
not included in the acquisition. The parent company Pouttu Oy and its
meat-processing subsidiary Jaloste-Pouttu Oy will continue their operations
unchanged. In connection with the acquisition, Atria and Pouttu have concluded
an extensive co-operation agreement concerning meat deliveries from Atria to
Pouttu.
The procurement, slaughtering and meat cutting personnel of Liha-Pouttu Oy will
move to the service of Atria. Atria will continue operations in Kannus in the
facilities owned by Pouttu Oy. The company has 130 employees. The procurement
and customer agreements previously made by Liha-Pouttu Oy are transferred to
Atria valid and unchanged.
The co-operation agreement guarantees competitive long-term raw material
deliveries to Pouttu, possibly freeing up resources for processing operations.
Along with the acquisition, Atria adds to its cost-efficiency in meat
procurement and cutting operations as procurement volumes increase from 140
million kg to approximately 155 million kg. The turnover of Atria Finland Ltd is
expected to grow by approximately EUR 25 million annually. Consequently, the
agreement will benefit both parties to the deal, and secure competitive
operating conditions for Pouttu.
Acceptance from the Finnish competition authority is still required to confirm
the acquisition. This is expected to be granted by 1 October 2007.
For further information, please contact:
Juha Gröhn, Managing Director, Atria Finland Ltd, tel. +358 400 684 224
ATRIA GROUP PLC
Matti Tikkakoski
President and CEO
DISTRIBUTION:
Helsinki Stock Exchange
Principal media
www.atria.fi