Apetit Oyj — M&A Activity 2019

Sep 27, 2019

Competition authority has approved the sale of Apetit’s fresh cut products business to Greenfood

Competition authority has approved the sale of Apetit’s fresh cut products business to Greenfood

Apetit Plc, Stock Exchange Release on 27 September 2019 at 03:30 p.m.

The competition authority has approved the transaction in which Apetit sells its
fresh cut products business, located in Helsinki, Finland, to Greenfood Group.
The parties have agreed to pursue the completion of the transaction on 30
September 2019.

Apetit Plc announced on 10 July 2019, that it has signed an agreement on selling
its fresh cut products business to Greenfood. Greenfood is a leading healthy
fresh food actor that operates in the Nordic countries and Western Europe. In
Finland, Greenfood AB owns Salico Oy, Satotukku Oy, Picadeli Oy and Snackpoint
Oy. Salico is one of the leading Finnish suppliers of fresh cut fruit and
vegetable products to food service, retail and fast food chains.

For more information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Sanna Väisänen, Director, Corporate Communications and Sustainability, tel. +358
10 402 4041

Apetit is number one in vegetables. It is a food industry company firmly rooted
in Finnish primary production. We create well-being with vegetables by offering
healthy and tasty food solutions that make daily life easier. We also produce
high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade
grain on the international markets. Apetit seeks to lead the way in vegetable
-based food solutions. Apetit Plc's shares are listed on Nasdaq Helsinki. In
2018, the company's net sales were EUR 283 million. Read more at apetit.fi.