Raisio - Tender offer

Raisio acquired a confectionery company in Continental Europe

Raisio plc, Stock Exchange Release, 13 November 2012 at 9 a.m. Finnish time (7
a.m. UK time) 

RAISIO ACQUIRED A CONFECTIONERY COMPANY IN CONTINENTAL EUROPE

Raisio has acquired the Czech company Candy Plus, a confectionery manufacturer.
This acquisition complements Raisio's existing and successful confectionery
activities in the UK trading as Big Bear Confectionery. Raisio is paying an
enterprise value (EV) of EUR 20.5 million including liabilities arising from a
new capital investment of EUR 2.3 million in fruit-liquorice capability. Raisio
will pay the consideration from its cash reserves. 

Candy Plus was founded in 2000 and the company is owned by private investors.
In 2011, the company's net sales totalled EUR 23.3 million, EBITDA EUR 2.9
million and EBIT EUR 2.1 million. Assets on 31 December 2011 totalled EUR 17.6
million, liabilities EUR 9.1 million and equity EUR 8.5 million. The company's
two production sites are located in the eastern part of the country, in Rohatec
and Petřvald u Karviné. The company employs more than 400 people all of whom
will continue as Raisio's serving employees. 

Paul Simmonds, Vice President of Raisio's Consumer Brands unit, says that Candy
Plus is a profitable and growing business which has a wide customer base across
east and west Europe and other parts of the world. “This will provide Raisio
with interesting growth opportunities. Candy Plus' high-quality products and
skilled staff are excellent additions and complement Raisio's confectionery
portfolio and expertise”, says Simmonds. 

The Candy Plus range focuses on the faster growing product categories of
soft-eating and higher-fruit jellies, liquorice and functional confectionery.
Candy Plus has strong consumer brands in its home market, the Czech Republic,
including Juicee Gummee, Fundy, Pedro and Cuksy. Branded products account for
about 40% of net sales. 

With the acquisition, Raisio will be able to make better use of synergies in
its confectionery operations, which will be seen in increased flexibility and
improved cost-effectiveness. 

On 13 November 2012, Candy Plus will become part of Raisio's Consumer Brands
unit and this acquisition is expected to further improve profitability of the
Brands Division. Raisio continues the implementation of its growth phase
according to plan. 

RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060



Further information: Paul Simmonds, VP, Consumer brands
Call requests to Mr Simmonds will be forwarded by Teija Silomäki, tel. +358 50
3738121 

Pictures are available at Raisio's material bank http://raisio.materials.fi at
folder Candy Plus 

http://raisio.materials.fi/index.php?basketkey=e8102064d787482a135df1b3a0cf7585