Core Viewpoint - Apetit plans to acquire Foodhills to enhance its frozen pea supply chain and strengthen its market presence in Sweden, with a final transaction price of Skr60 million after loan repayments [1][3]. Group 1: Acquisition Details - The acquisition of Foodhills is valued at Skr100 million, with an additional repayment of Skr20-30 million in loans, leading to a net transaction price of Skr60 million [1]. - The deal is expected to close by 30 November, pending approval from the Swedish ISP [2]. - Foodhills operates a production plant in Bjuv, Sweden, primarily serving the Swedish foodservice market [2]. Group 2: Financial Performance - Foodhills has invested over Skr200 million in its Bjuv production plant since 2018 [3]. - In 2024, Foodhills reported net sales of Skr167.8 million but incurred an operating loss of Skr54.7 million [3]. Group 3: Strategic Implications - The acquisition aligns with Apetit's strategy to strengthen its presence in Sweden and increase its frozen pea volume [3]. - Apetit aims to produce over 10% of the frozen peas in Europe post-acquisition, enhancing its role as a significant Nordic producer [4]. - The diversification of pea cultivation across Finland and Sweden is expected to mitigate seasonal harvest risks [5].