Published: 2017-12-22 08:30:00 CET
Inside information

Raisio plc: Raisio has agreed on the divestment of its confectionery business to focus on brands enhancing well-being

Raisio plc, Stock Exchange Release, 22 December 2017, at 9.30 a.m. Finnish time


Raisio has agreed to divest its confectionery business to Valeo Foods Ltd. Raisio’s confectionery operations in the UK and Czech Republic will be transferred to become part of Valeo Foods Group by 29 December 2017 at the latest. The arrangement will be carried out as a share transaction and its enterprise value is EUR 100 million. Equity value of the deal paid by the buyer is EUR 77 million.

“The divestment of the confectionery business is an important strategic step for Raisio on its path towards a responsibly operating forerunner focusing on healthy foods. Together with our already strong balance sheet, the proceeds from the deal allow extensive acquisitions that strategically fit our core business,” says the Group’s President and CEO Pekka Kuusniemi.

Raisio’s 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.

For the divestment of its confectionery business, Raisio will record divestment loss of some EUR 38 million. After completion of the transaction, Raisio estimates its equity ratio to be around 75 per cent and its balance sheet to total EUR 370 million.

In January-September 2017, net sales for Raisio’s confectionery business totalled EUR 71.3 million and EBIT was EUR 6.4 million. The confectionery business has some 1,000 employees who will be transferred to Valeo Foods.

Valeo Foods owns a fast growing portfolio of category leading brands, many of them iconic household names in their markets. The Group has annual sales of over EUR 700 million. More information about Valeo Foods can be found at

Valeo Foods’ CEO Seamus Kearney says: “This transaction is consistent with Valeo Foods’ strategic focus and we are very excited about the opportunities to expand and grow these businesses through a combination of significant new capital and brand investment.”

Raisio plc

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


Further information:
President and CEO Pekka Kuusniemi, Raisio plc, tel. +358 50 537 3883
CFO Antti Elevuori, Raisio plc, tel.
+358 40 560 4148



Raisio plc

Raisio is an international food and feed company focusing on wellbeing and profitable growth. The core of Raisio’s strategy consists of plant-based, healthy and responsible branded products. Benecol is an international success story in cholesterol lowering. Our well-known local brands include Elovena, Nordic, cattle feed Maituri and Baltic Blend fish feeds. We promote sustainable food chain and develop innovations to enhance wellbeing. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2016, the Group's net sales totalled EUR 436 million and comparable EBIT was EUR 50.7 million. The Group employs some 400 people. For more information on Raisio go to


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