Brief: Midsona Acquires Davert, A Leader In The German Organic Food Market

Midsona AB

03/05/2018 09:21

Midsona AB  MSONb.ST :
    * MIDSONA ACQUIRES DAVERT, A LEADER IN THE GERMAN ORGANIC
FOOD
MARKET
    * TOTAL PURCHASE PRICE IS APPROXIMATELY EUR 48.5 MILLION
(SEK 511
MILLION), ON A DEBT-FREE/CASH-FREE BASIS
    * BY 2022, SYNERGIES ARE EXPECTED TO HAVE AN ANNUAL IMPACT
ON
EBITDA OF APPROXIMATELY EUR 3.8 MILLION (SEK 40 MILLION)
    * EXPECTS DAVERT'S SALES TO INCREASE COMPARED TO PREVIOUS
YEAR AND
ACHIEVE ADJUSTED EBITDA OF ABOUT EUR 5.0 MILLION (SEK 53
MILLION)

Source text for Eikon:  ID:nWkr5c5mhQ 
Further company coverage:  MSONb.ST