RAISIO TO DIVEST DIAGNOSTICS

Report this content
Raisio plc  Stock Exchange Release 16 January 2007 at 14.15 p.m.

RAISIO TO DIVEST DIAGNOSTICS

Raisio's Board of Directors has decided that the company will divest its
diagnostics business. In 2006 turnover from diagnostics totalled approx. EUR 9.0
million (EUR 8.8 million in 2005) and it employs some 75 people in seven
countries.

The diagnostics business develops, produces and markets rapid diagnostic tests
and analytical systems used to monitor the safety and quality of food and animal
feed. Especially pathogen testing and use of modern rapid testing methods are
increasing within the food sector. Raisio has invested strongly in new innovative
industrial diagnostics methods.

Raisio's CEO Matti Rihko says: "Raisio's main target for 2007 is to improve
profitability. The decision to divest the diagnostics, which is a niche business
generating few synergies with Raisio's other businesses, is part of Raisio's
strategic policy. Strong consolidation has characterised the food diagnostics
market in recent years. We are now looking for a new owner that can ensure
business growth in industrial diagnostics and aim to complete the transaction in
the first half of 2007."

Raisio will publish the Financial Statements 2006 on 12 February 2007.

RAISIO PLC

Heidi Hirvonen, Communications Manager
tel. +358 2 443 2242 or +358 50 567 3060

Further information:
Matti Rihko, Raisio CEO, tel. +358 2 443 2716 or +358 400 830 727



Distribution
Helsinki Stock Exchange
Key media
www.raisio.com

Subscribe