Ratos AB: Plantasjen is acquiring SABA Blommor AB
Press release 29 March 2017
Ratos's subsidiary Plantasjen is acquiring SABA Blommor AB, one of the leading service providers of in-store solutions for flowers in Sweden. With over 700 points of sales across the country, mostly in the grocery segment, the acquisition propels Plantasjen's journey from garden center into a leading brand for plants.
Plantasjen is strengthening its position through the acquisition of SABA Blommor AB from SABA Logistics, a Dole Food Company. The company has approximately 160 employees, and an annual turnover of approximately SEK 330m. With the acquisition Plantasjen's offer leaps from 40 garden centers to over 700 points of sales.
"Through combining SABA's more than 700 points of sales and competence as a leading supplier of flowers to the grocery segment, with Plantasjen's industry leading supply-chain and know-how of plants, we will increase the availability for our customers. The acquisition is an important part of our strategy to create a unique offering with an outstanding supply-chain and increased market presence for more people to enjoy life with plants," says Plantasjen's CEO Jon Abrahamsson Ring.
In addition, SABA is not present in Norway and Finland where grocery sales of plants are less developed but fast growing which provides additional opportunities for Plantasjen's growth going forward.
The acquisition is subject to approval by the relevant authorities and is expected to be completed in the second quarter of 2017.
For further information, please contact:
Helene Gustafsson, Head of IR and Press Ratos, +46 8 700 17 98
Jon Abrahamsson Ring, CEO Plantasjen, +46 8 564 721 90
Financial calendar from Ratos:
Annual General Meeting 6 April 2017
Interim report January-March 2017 8 May 2017
Interim report January-June 2017 17 August 2017
Interim report January-September 2017 14 November 2017
Ratos is an investment company that owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos's portfolio consists of 18 medium-sized Nordic companies and the largest segments in terms of sales are Consumer goods/Commerce, Construction and Energy. Ratos is listed on Nasdaq Stockholm and has a total of approximately 14,500 employees.