Ratos AB: Plantasjen is acquiring SABA Blommor AB
(Thomson Reuters ONE) -
Press release 29 March 2017
Ratos's subsidiary Plantasjen is acquiring SABA Blommor AB, one of the leading
service providers of in-store solutions for flowers in Sweden. With over 700
points of sales across the country, mostly in the grocery segment, the
acquisition propels Plantasjen's journey from garden center into a leading brand
for plants.
Plantasjen is strengthening its position through the acquisition of SABA Blommor
AB from SABA Logistics, a Dole Food Company. The company has approximately 160
employees, and an annual turnover of approximately SEK 330m. With the
acquisition Plantasjen's offer leaps from 40 garden centers to over 700 points
of sales.
"Through combining SABA's more than 700 points of sales and competence as a
leading supplier of flowers to the grocery segment, with Plantasjen's industry
leading supply-chain and know-how of plants, we will increase the availability
for our customers. The acquisition is an important part of our strategy to
create a unique offering with an outstanding supply-chain and increased market
presence for more people to enjoy life with plants," says Plantasjen's CEO Jon
Abrahamsson Ring.
In addition, SABA is not present in Norway and Finland where grocery sales of
plants are less developed but fast growing which provides additional
opportunities for Plantasjen's growth going forward.
The acquisition is subject to approval by the relevant authorities and is
expected to be completed in the second quarter of 2017.
For further information, please contact:
Helene Gustafsson, Head of IR and Press Ratos, +46 8 700 17 98
Jon Abrahamsson Ring, CEO Plantasjen, +46 8 564 721 90
Financial calendar from Ratos:
Annual General Meeting 6 April 2017
Interim report January-March 2017 8 May 2017
Interim report January-June 2017 17 August 2017
Interim report January-September 2017 14 November 2017
Ratos is an investment company that owns and develops unlisted medium-sized
companies in the Nordic countries. Our goal as an active owner is to contribute
to long-term and sustainable business development in the companies we invest in
and to make value-generating transactions. Ratos's portfolio consists of 18
medium-sized Nordic companies and the largest segments in terms of sales are
Consumer goods/Commerce, Construction and Energy. Ratos is listed on Nasdaq
Stockholm and has a total of approximately 14,500 employees.
Press release:
http://hugin.info/1180/R/2091639/790349.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ratos via GlobeNewswire
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