RIE: Divestment of marine savoury business

(Thomson Reuters ONE) - Rieber & Søn ASA has signed an agreement to divest its marine savourybusiness. Seagarden ASA has acquired this business.The divestment is a part of Rieber & Søn's strategic platform "OurFuture" reviewing and focusing on what is core business. Rieber &Søn's business platform is to develop branded consumer products forthe food service and retail markets, and the marine savoury businessrefining raw material ingredients to industrial partners is notconsidered core. Rieber & Søn believe an owner already focusing onmarine savoury and bio-active ingredients is better suited to drivegrowth in the business.Rieber & Søn's marine savoury business has a turnover of nearly 30MNOK. The divestment will give a positive net gain of 20 MNOK inRieber & Søn, which we expect will be taken as one-off item in fourthquarter 2009. Rieber & Søn will be, as part of the agreement, a 20%shareholder in Seagarden ASA. The marine savoury business is todaylocated in Arna factory, and will gradually be relocated toSeagarden's production facilities with a completion date tentative atfourth quarter 2010.The transaction will include inventory, production equipment andtechnology, and distribution channels for all marine savouryingredient product ranges.Bergen 17 November 2009Contacts:CEO Patrik AnderssonMob. + 46 76 11 13 400Director Tor Lund Mob. + 47 95 27 28 10Director of Communications Geir Mikalsen Mob. + 4790 62 08 51This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 17.11.2009 - 08:31 Uhr
Sprache: Deutsch
News-ID 8479
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