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Atria Oyj Signs Preliminary Agreement on Purchase of Saarioinen's Slaughtering, Meet Cutting and Meat Procurement Operations


Thursday, 11 Jul 2013 04:30am EDT 

Atria Oyj announced that the Company and Saarioinen Oy have signed a preliminary agreement according to which Atria will purchase Saarioinen's procurement, slaughtering and cutting operations for beef, pork and poultry. According to the preliminary agreement Atria will gain the ownership of poultry production machinery and equipment, as well as the poultry production factory building and site located in Sahalahti in Kangasala. Jyvabroiler trademark is also included in the agreement. In addition, Atria gains the ownership of the machinery and equipment of Jyvaskyla slaughterhouse. In connection with the deal, Atria and Saarioinen will sign a cooperation agreement concerning meat deliveries from Atria to Saarioinen. The personnel of Saarioinen's procurement, slaughtering and cutting operations will move to Atria as continuing employees, and Atria will continue the industrial operations in Jyvaskyla and Sahalahti. Business operations in issue have about 400 employees. The deal is expected to close latest in the first quarter of 2014. The closing of the deal is subject to the approval of the Finnish Competition and Consumer Authority. Financial details were not disclosed. 

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19 Dec 2014