Vivartia: expands into the U.S. market

Athens / GR. (vv) Greek leading food group Vivartia S.A. announces the entry of its Bakery and Confectionery Division into the U.S. market with the signing of an agreement to acquire 100 percent of Nonni´s Food Company, Inc., a US-based producer of baked specialty snacks from Wind Point Partners, a private equity firm, and Nonni´s management. The total enterprise value of the acquisition, expected to be completed by April 01, 2008, is 320 million U.S. Dollar. Nonni´s has a long tradition in the production of baked specialty snacks and has in total six production facilities: three in New Jersey, one in Oklahoma, one in Bronx (New York) and one in Tennessee. Furthermore, the Company has a particularly strong and well developed distribution network covering a substantial part of the U.S. market. Nonni´s generated turnover in 2007 of approximately 187 million USD and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of 32 million USD press release.