ThePigSite.com - news, features, articles and disease information for the swine industry

News

Atria Given Go-ahead to Buy Saarioinen

11 February 2014

FINLAND - The Finnish Competition and Consumer Authority has given the go-ahead to the acquisition Saarioinen Oy by meat processor Atria.

The deal between Atria and Saarioinen was due to be finalised by the end of last month.

The agreement between Atria Plc and Saarioinen Oy for Atria to acquire Saarioinen's procurement, slaughtering and cutting operations for beef, pork and chicken was announced in the middle of last year.

The purchase price is approximately €30 million and will be paid in ash. The operations covered by the deal will be integrated into Atria starting from this month..

The personnel of Saarioinen's procurement, slaughtering and cutting operations will move to Atria as continuing employees, and Atria will continue its industrial operations in Jyväskylä and Sahalahti.

The operations covered by the deal employ 400 people in average. Atria's net sales are expected to grow by about €70 million annually.

ThePigSite News Desk



Share This

News By

Related News

More News

EU and Spanish Pork Markets

News from European Union   23 February 2017

Our Sponsors

Partners


Seasonal Picks

The Commuter Pig Keeper - 5m Books