Atria to acquire majority share of Kaivon Liha Kaunismaa Oy
Atria is expanding its business in Finland and acquires 70 per cent of the Kaivon Liha Kaunismaa Oy (Kaivon Liha) shares. Kaivon Liha focuses its business on the processing and wholesale of beef. The company's customers are mainly fast-food chains and food service customers.
Kaivon Liha has a strong market position in Finland as a manufacturer of high-quality hamburger and kebab products. The product range of Kaivon Liha complements Atria's product range in beef products.
Atria's annual net sales is expected to increase by about EUR 40 million. Kaivon Liha production plant is located in Turku, Finland and has about 50 employees. Closure of the transaction is subject Finnish Competition and Consumer Authority approval. Trade is due to be completed during the third quarter in 2016.
For further information, Mika Ala-Fossi, Managing Director of Atria Finland tel. +358 40 8310 342.
Nasdaq Helsinki Ltd