Sector News

Atria to purchase Swedish poultry business Lagerbergs

March 11, 2016
Food & Drink

Atria is entering the poultry business in Sweden and purchases the entire share capital of Lagerberg i Norjeby AB (Lagerbergs).

The company has a production plant and its own chicken-rearing facility in Blekinge, Sweden. Lagerbergs is the third largest supplier on the Swedish chicken market. In addition to its own chicken-rearing Lagerbergs is purchasing chickens from local producers.

The transaction will expand Atria’s business in Sweden into white meat processing. In Sweden, demand for Swedish-produced chicken has increased steadily in recent years. In 2015, retail sales of poultry meat increased by seven per cent.

The acquisition will increase Atria’s annual net sales by approximately EUR 30 million.The closing of the deal is subject to the approval of the Swedish Competition Authority. The parties will strive to conclude the transaction during the second quarter of this year.

Source: Atria

Related News

May 2, 2021

Kraft Heinz beats expectations as consumers continue to dine at home

Food & Drink

The owner of Philadelphia cream cheese and Heinz Ketchup had predicted flat-to-positive organic net sales growth, but today it reported 2.5% organic growth for the quarter.

May 2, 2021

Olam Food Ingredients buys US spice producer Olde Thompson

Food & Drink

The deal will see OFI’s wholly-owned subsidiary, Olam Holdings, acquire the US spice group from private equity firm Kainos Capital and Olde Thompson’s management shareholders.

May 1, 2021

Nestlé to buy The Bountiful Company’s core supplement brands

Food & Drink

Nestlé has agreed to acquire core vitamin and supplement brands of The Bountiful Company from investment firm KKR for $5.75 billion, as it looks to expand its health and nutrition portfolio.

Send this to a friend