Positioning

Aspo’s subsidiary Leipurin acquires Kobia AB and strengthens its position in the Western market in accordance with Aspo’s strategy – Yahoo Finance

future-dyanmics

Aspo Plc
Inside information
May 30, 2022 at 17:35 p.m.

Aspo’s subsidiary Leipurin acquires Kobia AB and strengthens its position in the Western market in accordance with Aspo’s strategy

Aspo’s subsidiary Leipurin has agreed to purchase the entire share capital of the Swedish bakery industry distributor Kobia Ab from the Swedish Abdon Group. The acquisition will expand Leipurin’s geographical presence in the Northern European market. In 2021, Kobia’s net sales amounted to approximately EUR 50 million and its operating profit margin was approximately 3%. The transaction also includes the properties owned by Kobia, and the acquisition will not generate significant goodwill. The acquisition price is not disclosed.
Through the acquisition, Leipurin further strengthens its position as a leading player in the Baltic Sea region, with increased size and profitability. The new entity provides suppliers with a compelling gateway to the region’s market. Customers in the bakery and food industry will benefit from a strong partner in the global raw material market.
For Aspo, the transaction is in line with its revised strategy as a market consolidating acquisition in Western Europe. The acquisition provides significant value creation opportunities over time through development of commercial operations, supply chain and procurement. Integration and value creation of Kobia will be incorporated to Leipurin’s ongoing profit improvement program to develop a shared management system.
“The companies have similar roots and an equally long history – both companies are founded by bakeries. I am convinced of the professionalism of Kobia’s personnel and look forward to the cooperation and strategic development of the new unit together with Kobia,” says Heli Arantola, Managing Director of Leipurin.
“This project is an excellent fit to Aspo’s acquisition-driven growth strategy and will significantly increase Aspo Group’s net sales in the Western market,” says Rolf Jansson, CEO of Aspo Group.
The bakery markets and consumer product categories in Finland and Sweden are similar. The companies have complementary customer segment and category expertise, which offers opportunities for cross-selling and business development throughout the Baltic Sea region.
The acquisition will create Leipurin’s Nordics region, which includes Finland and Sweden. The other main market area is the Baltics, which includes Ukraine. In 2021, the geographical distribution of Leipurin’s net sales was as follows: Finland approximately EUR 43 million, the Baltics approximately EUR 31 million and Russia, other CIS countries and Ukraine approximately EUR 35 million. Leipurin has previously announced its withdrawal from Russia, Belarus and Kazakhstan. Leipurin currently has 240 employees and Kobia approximately 90.
The acquisition is subject to approval from the Swedish competition authority. The transaction is expected to close by the end of August.

Aspo Plc

Rolf Jansson
CEO

Further information, please contact:
Rolf Jansson, CEO, Aspo Plc, +358 400 600 264, rolf.jansson@aspo.com

DISTRIBUTION:
Nasdaq Helsinki        
Key media
www.aspo.com

Aspo creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities. Aspo Group has businesses in 18 different countries, and it employs a total of approximately 930 professionals.
Leipurin operates as part of the food chain, acquiring raw materials in global markets and from domestic companies and supplying them through its effective logistics chain according to customer needs. Leipurin operates in eight countries that have been grouped into three regional organizations, each being responsible for their financial performance: Finland, East, and the Baltic region. Leipurin serves bakery, food industry and foodservice customers by providing raw materials and by supporting research and development and recipes for new products. Leipurin’s other product categories include various supplies and machines for the same customer segments. Leipurin uses leading international manufacturers as its raw material and machinery supply partners.

Related Quotes
Shares of lithium production company Livent Corporation (NYSE: LTHM) tumbled in Tuesday trading to close down 7.8% from Friday's close. You can blame Goldman Sachs for that. A 2019 spinoff from chemicals company FMC, Livent isn't the world's biggest lithium producer, but it's a sizable "tier 2" kind of a company that did $420 million in sales last year — but just barely broke even.
Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.
Burry’s not bullish. But he’s beginning to nibble.
Yahoo Finance Live looks at several stocks tied to leading industry stories, including how Chinese stocks are recovering from China's COVID lockdowns.
Technology companies that provide a real value for the economy will stand apart from those that benefited from pandemic-era hype.
Although there are a lot of successful strategies to make money on Wall Street, riding Warren Buffett's coattails has, arguably, been one of the most profitable for the past 57 years. Since the Oracle of Omaha, as Buffett has come to be known, became CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, he's overseen the creation of close to $695 billion for his company's shareholders, and has led Berkshire's Class A shares (BRK.A) to an annual average return of 20.1%. In other words, when Warren Buffett buys shares of a publicly traded company, Wall Street and investors rightly take notice.
Most energy stocks have a modest valuation and a decent dividend yield — offering solid value to investors fleeing the lofty valuations and dividend-free zone of the high-growth technology sector. Murphy Oil is an independent oil and gas producer founded in 1950 and headquartered in Houston, Texas. Murphy's operations are based across three regions: Western Canada, Texas, and The Gulf of Mexico.
(Bloomberg) — Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine. Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutReady to Buy a House? Just Wait a Few WeeksSoros’s Money Manager Warns Recession ‘Inevitable’ But Market Timing Is OffYellen Says ‘I Was Wrong’ Last Year on the Path of US Infl
Growth stocks have been pummeled in the recent market sell-off as rising interest rates and fears of an economic slowdown hit investor sentiment hard. For a long-term investor, though, such periods of correction also offer some of the best opportunities to find growth stocks that could become huge winners in the next decade or so, given their business growth potential. Here are three such growth stocks that look like winners in the making.
Amazon shares moved higher Wednesday, potentially extending their recent winning streak to a sixth consecutive session, ahead of an end-of-week stock split for the world's biggest online retailer. Amazon said shareholders approved the 20-for-1 split, which was first made public in March, in a Securities and Exchange Commission filing last Friday. Amazon said shareholders of record on May 24 will receive 19 extra shares of the group for each one held.
Yahoo Finance Live's Seana Smith examines what to expect from GameStop's earnings report tomorrow.
Yahoo Finance Live anchors discuss a note from S&P Global that suspended its full-year forecast for the bond market.
Grantham remains ultra bearish. But this trio may offer some protection.
U.S stocks rose early Wednesday as Wall Street entered a fresh month of trading.
While the blue-chip-heavy Dow Jones Industrial Average is down 11% from its all-time high, the growth-tilted Nasdaq Composite is officially in a bear market, having fallen 27% from its previous high. Adding some growth stocks to your nest egg can grow your money a little faster over time. Three Motley Fool contributors recently selected three top stocks that could rebound strongly once the dust clears.
Forget the old adage "sell and May and go away." Any time is a good time to buy dividend stocks. That's true even when the stock market is highly volatile — as it is now.  There are two important prerequisites, though.
In this article, we discuss 10 stocks billionaire Cliff Asness is selling in 2022. If you want to see more stocks that were recently dumped by Asness, click Billionaire Cliff Asness is Selling These 5 Stocks in 2022. After a continuous period of underperformance, Cliff Asness’ AQR Capital Management fared well in 2021 and had […]
QuestEx Gold & Copper Ltd. (TSXV: QEX) (OTCQX: QEXGF) ("QuestEx" or the "Company") is pleased to announce that QuestEx and Skeena Resources Limited ("Skeena") have completed the previously announced acquisition by Skeena of QuestEx by way of plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") effective at 12:01 a.m. (Vancouver time) on June 1, 2022.
These stocks are incredibly cheap, and aren't as risky as their low multiples suggest they might be.
Tesla Inc Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees on Tuesday night and seen by Reuters. "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week," Musk said in the email. Tesla did not respond to a request for comment.

source

future-dyanmics

Related posts
Positioning

Lining Up: Prime Positioning for Pinto, Vilardi, Schwartz, and Mangiapane - dobberhockey.com

Lining Up: Prime Positioning for Pinto, Vilardi, Schwartz, and…
Read more
Positioning

Editorial: City right to find solutions to bad pole positioning by small cell wireless providers - Tulsa World

Get opinion pieces, letters and editorials sent directly to your inbox weekly!The housing for a 5G…
Read more
Positioning

How to Dynamically Position Your Fixed Income Allocation in the Current Market - Dividend.com

Guide to Dividend.com ›› Not sure where to start? Browse our guide to find the best dividend…
Read more
Newsletter
Join THE PRO PEOPLE Family

Sign up for The Pro People Community's Daily Digest and get the best of Industry updates, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *