Duni AB (Duni Group) today announces the completion of the Group's acquisition of Poppies Europe Ltd (Poppies), as the conditions required for closing the transaction have been met.
The total purchase price amounts to 48 MGBP, whereof 28.8 MGBP (60%) will be paid today in conjunction with the closing of the transaction and the remaining amount will be paid in three instalments by the end of 2025 (20%), 2026 (10%) and 2027 (10%). Financing is covered within Duni Group's existing loan facility.
Poppies will be consolidated within the Duni Group Business Area Dining Solutions by 1 February 2025.
For more information, please contact:
Magnus Carlsson, EVP Finance/CFO, +46 40-10 62 00, magnus.carlsson@duni.com
Katja Margell, IR and Communication Director, +46 76-819 83 26, katja.margell@duni.com
Duni Group is a market leader in sustainable dining and food packaging solutions for the restaurant market. The Group markets and sells its products under primarily the brands Duni, BioPak and Paper+Design, which are represented in more than 40 markets. Duni Group has around 2,500 employees in 23 countries, its headquarters in Malmö and production units in Sweden, Germany, Poland, Slovenia and Thailand. Duni Group is listed on NASDAQ Stockholm under the ticker "DUNI". Its ISIN code is SE0000616716. Dunigroup.com.