Atria to acquire Ridderheims - specialist in delicatessen Atria is acquiring AB Ridderheims Delikatesser, a specialist in premium delicatessen products. Ridderheims' operations are to be combined with the operations of Falbydgens Ost, a business unit of Atria Scandinavia. These operations will together comprise the new business unit Atria Deli. The combined business creates the finest and most comprehensive range of fresh delicatessen products in the Nordic countries and paves the way for increased exports for both companies. The acquisition strengthens Atria's position in the fresh delicatessen market, which is currently one of the fastest growing segments in the consumer goods industry. “Ridderheims' product range complements perfectly Atria's existing selection. The primary goal of the acquisition is to create the strongest and most attractive range of delicatessen products in the Nordic countries, but we also expect to gain cost benefits", says Christer Åberg, MD of Atria Scandinavia. Ridderheims currently exports its products to eleven countries. The acquisition will allow it to increase its sales in Sweden and to improve its export share even further, as Atria has a strong position and distribution network in Finland, Denmark, the Baltic States and Russia. At the same time, Ridderheims' network of distributors will enable Falbygdens Ost to export more of its products. Ridderheims was founded in 1987 and its net sales for the financial year 2007/08 was over 50 million euros. Its product range includes different kinds of sausages, hams, cheeses, preserves and Tapas ingredients. Ridderheims will retain its well-known brand and will remain in Gothenburg, where the company has been based since the early days. The company has 110 employees. The main market area is Sweden, but Ridderheims also exports delicatessen products to Norway, Denmark, Finland, Iceland, Holland, Belgium and Greece among others. Atria has an annual net sales of about 1.3 billion euros and its main markets are Finland and Sweden. In addition to Falbygdens Ost, other well-known Atria brands in Sweden are among others Sibylla, Lithells, Arbogapastej, Pastejköket and Lönneberga. Christer Lundin, the current GM of Falbygdens Ost, is in line to become the new GM of Atria Deli. “Ridderheims and Falbygdens Ost complement each other very well. Consumers come across the two companies' products in the same place, on stores' delicatessen counters. The new, stronger business unit will in future lead to new products and offerings,” says Christer Lundin. The acquisition requires the final approval of the competition authorities in Sweden. This is expected to be granted by the end of June. Atria estimates that the process of consolidating Ridderheims will begin on 1 July 2008. For further information, please contact Matti Tikkakoski, President & CEO of Atria Plc, tel. +358 50 2582 or Christer Åberg, MD of Atria Scandinavia, tel. +46 703 90 6100. ATRIA PLC Matti Tikkakoski President and CEO DISTRIBUTION: Helsinki Stock Exchange Principal media www.atria.fi
Stock exchange releases | 02.6.2008