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
Stock exchange releases | 21.8.2007