Raisio - Company Announcement

Raisio sold its UK Snack Bar business

Raisio plc      Stock Exchange Release, 13 July 2016, at 9.30 a.m. Finnish time

RAISIO SOLD ITS UK SNACK BAR BUSINESS

Raisio Group has sold Halo Foods ltd to hands-on investor Nimbus with an
agreement signed on 12 July 2016. Halo Foods’ business and employees in the UK
have been transferred to the new owner. 

CEO Matti Rihko says that Raisio will withdraw from manufacturing of snack bars
marketed to consumers under its partners' brands and focus on the development
and marketing of proprietary branded products. “For Raisio, it is important to
expand the range of its branded products in line with consumer needs, not to
produce itself all the products in the range.” 

Key assets of Halo Foods include its factories in Newport and Swindon as well
as the Dormen brand. Also all employees, some 300 persons, have been
transferred to the new owner. Raisio will record a loss of approximately EUR 19
million for the divestment of Halo Foods business and approximately EUR 1
million as restructuring costs related to the UK Snack & Cereal business in the
second quarter EBIT. 

Halo Foods became part of Raisio through the Glisten acquisition in 2010. The
company is a manufacturer of its partners’ branded products. Raisio had
centralised the production of its snack bars to Newport and the packaging of
nibbles and nuts to the Swindon factory. Halo Foods generated turnover of EUR
18 million in period January - June 2016. 

Nimbus is a Dutch hands-on investor with significant experience in acquisitions
in the food sector in Europe. 

Further information: http://www.nimbus.com



RAISIO PLC

Matti Rihko, CEO



Further information:
CEO Matti Rihko, tel. +358 400 830 727





Raisio plc

Raisio plc is an international specialist in plant-based nutrition. Raisio’s
operations are divided into two divisions: Brands and Raisioagro. The Group’s
key market areas are Finland, Great Britain, the Czech Republic, Russia and
Poland. Markets for cholesterol lowering Benecol products are global. Raisio
plc’s shares are listed on Nasdaq Helsinki Ltd. In 2015, the Group's net sales
totalled EUR 521 million and EBIT was EUR 51.7 million excluding one-off items.
The Group employs some 1,500 people. Raisio’s best-known brands are Benecol,
Benemilk, Elovena, Fox’s and Poppets. Benemilk feeds for milk production and
Benecol for cholesterol lowering are Raisio’s top innovations. For more
information on Raisio go to www.raisio.com/en 





Distribution
Nasdaq
Key media
www.raisio.com