Finland–based company, Atria Plc. will be joining the growing list of companies that are cutting ties with Russia due to its unlawful invasion of Ukraine.
Since Russia invaded on February 24 multiple companies have stepped forward to halt business with Russia in an attempt to force Russia to withdraw from the invasion– companies like Apple, JPMorgan Chase, YouTube and many more.
“Atria is exiting the fast food business in Russia,” said a company announcement on March 7. “The decision is not financially significant for Atria. The net sales of the fast food company operating in Russia is about 1.5% of the group's total net sales.”
“Due to the changed geopolitical situation, we do not have any possibilities to continue operations in Russia,” said Juha Gröhn, CEO of Atria.
According to Atria’s 2020 financial statement, Atria Russia’s net sales were EUR 66.7 million (USD 72.8 million).
The name of Atria Russia’s fast food subsidiary is Sibylla Rus LLC, which includes products like tortillas, ready–to–eat hot dogs and helix–shaped grill sausages.
The most recent development with Atria’s Russia segment was its sale of the Russian subsidiary brand Pit–Product to the poultry company Cherkizovo. Pit–Product was originally a Russian brand founded in St. Petersburg in 1996 and was bought by Atria in 2005.
According to the 2020 WATT Poultry International Top Companies rankings, Atria is the second largest poultry company in Finland and the 43rd largest poultry producer in Europe. The company primarily operates in Northern Europe, Estonia and formerly Russia.
Its products mainly consist of beef, pork, chicken and turkey which are all grown in Finland. The company also has a segment of raised–without–antibiotics chicken and pork.
