Nordic Business Report-April 12, 2006-Sardus AB completes acquisition of Peigs Sandwich Bar AB
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The Swedish sandwich toppings and frozen food producer Sardus AB said on Tuesday (11 April) that it has completed its previously announced acquisition of sandwich and salads producer Peigs Sandwich Bar AB from the Finnish Fazer Group.
Peigs Sandwich Bar, based in Halmstad in southern Sweden, produces sandwiches and salads for food stores and gas stations. The company has 200 employees and annual sales of approximately SEK140m.
The acquired business will be included in the Sardus Latta Maltider ("light meals") business unit.
"Through integrating Peigs within Sardus Latta Maltider, there are major integration gains to realise. Among other benefits, our existing nationwide distribution network is further enhanced," commented Mats Johansson, president of Sardus Latta Maltider.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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