Lännen Tehtaat - Tender offer

LÄNNEN TEHTAAT ACQUIRES CATERNET FINLAND OY TO STRENGTHEN ITS POSITION AS A FOOD SOLUTIONS SUPPLIER TO THE FOOD SERVICE SECTOR

LÄNNEN TEHTAAT PLC, Stock Exchange Release, 27 March 2012 at 14.00 (EET)

Lännen Tehtaat plc has acquired from private individuals the entire share
capital of Caternet Finland Oy, a company supplying the food service sector and
specialising in preparing fresh vegetable, fruit and fish products and in
logistics. The company's net sales in 2011 were approximately EUR 29 million
and its EBITDA figure was EUR 0.6 million. At the close of the last financial
year its net debt stood at approximately EUR 12 million. The total acquisition
price of the share capital is EUR 6-12 million. The acquisition price consists
of a fixed element of EUR 6 million and a variable element comprising an
additional purchase price of EUR 0-6 million, which is tied to the operating
profit for 2012-2013. 

“Caternet has a strong position in Finland as a supplier of ready-to-use fresh
products to the hotel, restaurant and catering sector. Caternet's fresh
products are very suitable additions to Lännen Tehtaat's current product
selection, which focuses on great taste, healthiness and light choices. The
purchase of Caternet will strengthen Lännen Tehtaat's position as a food
solutions supplier to the food service sector.  Together, with the expertise
and product portfolios of Caternet, Apetit Pakaste and Apetit Kala, Lännen
Tehtaat will be able to improve its customer service in the hotel, restaurant
and catering sector. Caternet has production facilities in Helsinki and sales
and logistics operations in Jyväskylä and Oulu,” says Matti Karppinen, CEO at
Lännen Tehtaat. 

The acquisition supports Lännen Tehtaat's growth strategy and will bring
synergy benefits to the business. Caternet Oy will be reported as part of
Lännen Tehtaat's Other Operations segment. 



LÄNNEN TEHTAAT PLC



Matti Karppinen
CEO



Further information:

Matti Karppinen, CEO, tel.  +358 (0)10 402 00



Copies to:


NASDAQ OMX Helsinki Ltd
Main media
www.lannen.fi



Background information on the companies:



Caternet Finland Oy

Caternet Finland Oy is Finland's leading company specialising in preparing and
supplying additive-free fresh food products. The company prepares ready-to-use
fresh products for the food service sector in a modern production plant with
the highest standards of food hygiene at Kivikko in Helsinki. Caternet's
product selection is composed of fresh and ready-to-use fruit and vegetable
products and fresh, freshly smoked and frozen fish. The majority of its net
sales are from fruit and vegetables. Its customers are staff restaurants,
hotels, public sector food services, the retail trade and the food industry in
Finland. In 2011, Caternet's net sales amounted to approximately EUR 29 million
and the company employed about 120 people in Helsinki, Oulu and Jyväskylä. More
information is available on the company's website at www.caternet.fi. 



Lännen Tehtaat plc

Lännen Tehtaat plc is a food industry company whose mission is to offer
consumers food solutions that are healthy, flavoursome and based on locally
sourced raw materials. The Group's business sectors are the Frozen Foods
business, the Seafood business, the Grains and Oilseeds business and Other
Operations. Lännen Tehtaat operates in the northern Baltic region and its
shares are quoted on NASDAQ OMX Helsinki Ltd. Net sales of the Group in 2011
totalled EUR 335 million and at the end of the year it employed an average of
about 740 people. More information is available on the company's website at
www.lannen.fi.