We see the Princes’ acquisition as a game changer for Newlat, which is becoming a EUR 2.8Bn revenues player, doubling its product categories’ offering in the complementary segments and reinforcing its manufacturing know-how thanks to the total of 31 plants. We also see the room for synergies from purchasing, production, and commercial standpoint, on top of some costs and structure savings that are fully visible. a transformational deal Newlat has agreed to acquire Princes Ltd, a historic UK-based food group, from a GBP 700M including minimum, fully visible cost synergies).