Sector News

Atria to sell the Falbygdens cheese business in Sweden to Arla

October 16, 2014
Consumer Packaged Goods
Atria focuses on its core business in Sweden and therefore Atria Sverige AB has made an agreement to sell the Falbygdens cheese business to Arla Foods AB. According to the acquisition agreement Arla Foods AB will gain ownership of the Falbygdens cheese business including its approximately 100 employees, the production plant in Falköping and the Falbygdens brand.
 
The divestment will reduce Atria’s net sales by approximately EUR 52 million and the EBIT by approximately EUR 3 million.
 
The closing of the deal is subject to the approval of the Swedish Competition Authority. The deal is expected to close in the beginning of 2015.
 
Source: Atria

comments closed

Related News

April 26, 2024

Haleon names new Finance Chief and new CHRO

Consumer Packaged Goods

Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.

April 26, 2024

Campari to double Aperol production capacity with €75m investment

Consumer Packaged Goods

The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.

April 26, 2024

Coca-Cola enters $1.1bn strategic partnership with Microsoft

Consumer Packaged Goods

The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.

How can we help you?

We're easy to reach