TRANSACTION IN BRIEF
· Bayn acquires 100% of the shares in
· The purchase price amounts to
· The transaction is financed with the Group's existing cash
· Koppers has forecasted net income and EBITDA for the next 12 months of
· The company provides the
· Through the acquisition, Bayn also ensures full control over the entire value chain and gains access to a well-established manufacturing facility with the opportunity for further investments in R&D and product development.
· From the completion of the acquisition, the timeframe of the Group's technology development projects is significantly streamlined and reduced
· The transaction is in line with Bayn's communicated strategy to actively identify, evaluate and acquire technology-enhancing foodtech companies in sugar and calorie-reduced foods.
· The CEO and the team in the factory will continue to be active in the Company and drive and develop the business forward
· The acquisition also entails several systemic synergy effects and a strengthened market position to produce functional sweets
"The acquisition of Koppers is a natural step for us in the process of gaining control over the entire value chain and ensuring that we are at the forefront of our product development. Now we also have the opportunity to invest in a production facility close to production for EUREBA and where we can effectively test new solutions. The acquisition is the first production facility that we acquire and is very important in a strategic aspect as we are now able to deliver and produce the companies that contact us and want to buy finished products. We also see many clear synergy effects, e.g., significantly lower prices to produce the Tweek candy that is already produced there. It will be a welcome margin booster which means that we can invest even more in growth and fits perfectly into the acquisition agenda that we have for the Group going forward," says Simon Petrén, Vice President Bayn Europe AB.
BACKGROUND AND MOTIVES
Bayn, a foodtech group in sugar-reduced foods, has entered into a binding agreement to acquire 100% of the shares in
Koppers is a leading manufacturer of fibre-based and sugar-reduced candy products in
The seller, Kopper's
Tweek is today one of the largest and most important customers for Koppers factory. Through the acquisition of Koppers, the
The merged group will continue to optimize and further develop the technological functions in manufacturing to launch additional products to the market. Bayn expects that the acquisition will result in several potential synergies and increased growth opportunities immediately after the Transaction is completed.
For further information, please contact:
Simon Petrén, Vice President and M&A manager at
Tel: +46 709 999 455
Email: simon.petren@bayneurope.com
This information is such information that
Bayn is listed on Nasdaq Stockholm, First North Growth Market, under the ticker BAYN
Important information
This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and include expressions such as "believe", "estimate", "anticipate", "expect", "assume", "predict", "intend", "may", "presuppose", "should" or similar. The forward-looking statements in this release are based on various estimates and assumptions that in several cases are based on additional assumptions. Although Bayn believes these assumptions were reasonable when made, such forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and that are beyond Bayn's control. Such risks, uncertainties and important factors could cause the actual results to differ materially from the results expressly or implicitly indicated in this communication through the forward-looking statements. The information, perceptions and the forward-looking statements in this release apply only as of the date of this release and may change without notice.
https://news.cision.com/bayn-europe-ab/r/bayn-europe-acquires-koppers-candy-sweden-ab-and-strengthens-the-group-s-margins,c3180952
(c) 2020 Cision. All rights reserved., source