Sector News

Scandi Standard Agrees to Acquire Lagerbergs

June 17, 2015
Food & Drink
Scandi Standard (STO:SCST) announces that it has signed an agreement to acquire Lagerbergs, subject to the approval of the Swedish competition authority, for a price of MSEK 105 on a debt free basis.
 
Lagerbergs is the third largest producer of chicken products in Sweden, processing approximately 10 million birds annually, with sales in 2014 of approximately MSEK 300. The business has been owned and operated by the Lagerberg family since it was established in 1965 and there are 120 employees.
 
“I am very pleased to announce this proposed acquisition, securing for Scandi standard additional capacity in the Swedish market, which is growing. We believe there are significant synergies to be achieved”, comments Leif Bergvall Hansen, CEO of Scandi Standard.
 
Source: Scandi Standard

comments closed

Related News

May 15, 2022

Blurred lines: Vitafoods Europe 2022 review

Food & Drink

Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.

May 15, 2022

Crunch time: Mondelēz to dump chewing gum to take bigger bite of chocolate and biscuits markets

Food & Drink

Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.

May 15, 2022

Givaudan strengthens natural preservation portfolio with nitrite alternative for processed meat

Food & Drink

Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.