Atria Sweden is acquiring a 25 per cent stake in the Swedish convenience food company Cookin Food Sweden AB. The transaction will be carried out by purchasing shares from Bite Delight AB, which owns Cookin Food Sweden AB.
In addition, Atria holds an option to acquire the remaining shares of Bite Delight AB after 2028.
Cookin Food Sweden AB’s annual net sales amounts to approximately EUR 18 million. The company operates in the convenience food market, and its main products include salads and sandwiches sold to the Swedish retail trade, foodservice customers and travel service operators. Other products in the range include sushi, products for foodservice kitchens and savoury pastries.
– The acquisition is in line with Atria’s TOGETHER 2030 strategy, under which the company focuses on growing product categories. Convenience food is among the fastest‑growing product categories, and the company aims for rapid growth in its convenience food business. Atria is prepared to seize profitable growth opportunities and will allocate proportionally more investments during the strategy period to growing categories such as convenience food than to other product categories, says Kai Gyllström, CEO of Atria Plc.
Cookin Food Sweden AB in brief
Founded in 2012, Cookin Food is a convenience food company founded by restaurateurs, bakers and chefs. The company prepares fresh convenience food daily and is known for its craftsmanship‑driven production, fresh raw materials and high quality.
Cookin Food develops tailored solutions for, among others, travel services, foodservice and retail customers. Product development and menu planning are carried out in close cooperation with customers, and the active involvement of the company’s chefs ensures culinary consistency and top of the line food quality.
– The minority stake in Cookin Food Sweden is an excellent opportunity for Atria to expand into new, growing product categories and high‑quality convenience food. We are very pleased with this transaction and see Cookin Food Sweden as a strong partner in developing Atria Sweden’s convenience food business, comments Jarmo Lindholm, Executive Vice President of Atria Sweden.
– We are very pleased to welcome a new minority shareholder to Cookin. This marks an important milestone in our growth journey and is a strong validation of our offering. With the right partner by our side, we are further strengthening our ability to continue developing even better solutions for our current and new customer, says Kristina Lukes, CEO of Cookin Food Sweden.
The completion of the transaction does not require regulatory approvals.
Further information:
Jarmo Lindholm, Executive Vice President of Atria Sweden, tel. +46 72 570 3800