The transaction was completed through a share purchase agreement whereby Apetit acquired 100 percent of the shares in Foodhills AB. Foodhills is the largest cultivator and producer of frozen peas in Sweden. The company operates a modern production facility in Bjuv and works with approximately 300 contract farmers located in Skåne and Halland. Apetit is a food industry company listed on Nasdaq Helsinki. The acquisition is in line with Apetit’s growth strategy, significantly strengthening its position in Sweden and Europe. The transaction represents the next step in Foodhills’ development, with an industrial owner with strong industry expertise taking the company forward – a long-term benefit for employees, growers, and customers. The acquisition is estimated to close in 2025, subject to approval from the Swedish ISP (Inspektionen för strategiska produkter) authority.