Raisio’s confectionery business transferred to Valeo Foods
03 Jan 2018 --- Following an agreement to divest its confectionery business to Valeo Foods Ltd. in the run-up to Christmas, Raisio has now confirmed the business has been transferred. Raisio had agreed to sell its candy business to Valeo, where Raisio's sweets business in the UK and the Czech Republic will become part of Valeo's business.
And now the transaction has been executed as a share trading and its debt-free purchase price is €100 million (US$120 million). The buyer pays Raisio a purchase price of €77 million (US$92.7 million).
All other conditions for completion of the deal have been fulfilled.
Finland-based Raisio is an international food and feed company focusing on well-being with a core strategy consisting of plant-based, healthy and responsible branded products.
Its divested confectionery business includes six production plants in the UK and Czech Republic, as well as the brands, of which Poppets, Fox’s, XXX, Just and Pedro are the best-known. Furthermore, the business is a significant confectionery producer for its retail and industrial customers.
In January-September 2017, net sales for Raisio’s confectionery business totaled €71.3 million (US$85.8 million) and EBIT was €6.4 million (US$7.7 million).
At the time of the initial announcement last December, Group CEO Pekka Kuusniemi said: “The sale of confectionery business is a major strategic step towards Raisio, a leading pioneering company focusing on healthy foods and responsibly functioning. The funds from the deal, with the already strong balance sheet, enable our large and strategic business acquisitions in our core business.”
bakery mixes and other bakery products; fibers; miscellaneous and non-categorised products; nutraceutical and functional food ingredients
Raisio Oats
Raisio is the biggest oat producer in Finland. Our high production capacity means a secure supply, short lead times, a wide range of offerings and competitive pricing. We have gluten free, organic and conventional oats as well as oat fibres. We want to share our comprehensive know-how in oats and oat based applications to help you have the best possible product for your customers.
We collaborate with our contract farmers and control our short and transparent supply chain to get you traceable and high quality oats. We source most of our oats from less than 100km radius from our mill.
In Finland oats are sustainably grown in optimal agro-climatic conditions. The purest air and water, good varieties and skilled farmers yield highest quality products. Our nordic climate brings out the best in oats, which love bitterly cold winters and draw all their energy from short, intense summers.
Our product range covers gluten free oats, organic oats, conventional oats and oat fibre concentrates (beta-glucan). All types of oats are available as different sized flakes, groats, flours and bran. We will help you choose the perfect ingredient for your product. We have extensive know-how to process high-quality Finnish oats into more than 100 oat based products at your use (including organic, gluten-free).
Opportunities with oats are not limited to mere gluten-free. It is a great fit with many other significant trends we can see on the market, such as natural, clean eating and plant-based nutrition.
Oats fit to all kinds of foods and brands to meet modern consumer needs. Oats are high in fibre, good source of protein and contain high quality carbohydrates and fatty acids. Oat beta-glucan is the only substance with four different EFSA approved health claims. Oats are free from allergens and naturally gluten-free and that is why oats bring real nutritional value, variety and taste to gluten-free diets.
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