March 16, 2005
Raisio to Expand in Poland
Raisio Group has acquired a 25% stake in a Polish dairy, Obory. Obory is the market leader in drinkable, JOVI-branded yoghurts in Poland, where Raisio now gets countrywide rights to sell Oborys products.
Oborys products have been on the Polish market since 1992. The turnover is approximately EUR 12 million and the number of personnel is 110.
Raisio is a pioneer in functional foods and ingredients with a strong focus on developing healthy, easy-to-use and tasty foods. Poland has been defined as one of the key growth areas. Raisio has already been active in the Polish margarine markets for 10 years.
The co-operation with Obory enables Raisio to launch new Benecol-products in addition to the successful Benecol margarine. Oborys products will strengthen Raisios position, complement Raisios product portfolio and bring synergic benefits in the rapidly growing Polish and its neighbouring markets.
RAISIO GROUP PLC
Taru Narvanmaa, Executive Vice President,
Communications and Investor Relations
gsm +358 50 590 9398
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