Ter Beke NV (ENXTBR:TERB) entered into an agreement to acquire Imperial Meat Products / Stegeman from Sigma Alimentos, S. A. de C. V. on October 7, 2021. Consideration will be paid in cash, funded by Ter Beke from own cash & existing facilities. The Intended Transaction includes Sigma’s six production facilities, five in Belgium (Lievegem, Cornby, Amando, Dacor, Champlon) and one in the Netherlands, as well as the Imperial and Stegeman brands, such as Marcassou, Imperial, Leielander, Stegeman and Bistro, and the brands licensed by Sigma (Aoste, Justin Bridou). The aforementioned facilities and their employees continue to operate in their ordinary course. The transaction is subject to competition approvals in Belgium, Netherlands, approval of The Autorité de la concurrence and clearances from local employee consultation rights. The transaction is expected to close in the coming months. Ter Beke does not expect that the Intended Transaction will have a significant impact on its financial leverage. Ter Beke expects that the Transaction will immediately contribute to the U-EBITDA of the Ter Beke Group.