The new company will be created through the simultaneous acquisition of Kronfågel Group in Sweden and Denmark from Lantmännen, and Cardinal Foods in Norway from CapMan.
The new ownership structure positions the business for further development in international markets, as well as opportunities for product development and innovation.
The new company will consist of Kronfågel, SweHatch and Skånefågel in Sweden and Danpo in Denmark and Cardinal Foods in Norway.
Kate Briant, partner at CapVest and incoming chairman said: “Food is one of our core investment sectors. It is fundamentally non-discretionary while offering strong potential for consolidation and growth. This transaction combines market leading businesses with an exceptional management team, creating a platform from which to grow and expand both locally and further afield.”
DC Advisory acted as the financial adviser for the deal.
Source: CapVest
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