Sweden

Danish Crown subsidiary in Sweden looks to acquire charcuterie unit

Mergers & Acquisitions

An agreement on a company acquisition between KLS Ugglarps and Charkuterifabriken Sverige AB has been filed with the Swedish Competition Authority for approval.

Posted on Nov 22 ,03:03

Danish Crown subsidiary in Sweden looks to acquire charcuterie unit

As part of KLS Ugglarp's strategy to grow as a Swedish sustainable food company, Danish Crown's Swedish company continuously looks for opportunities to further develop its value-added product portfolio. Therefore, KLS Ugglarps has made an agreement with Charkuterifabriken Sverige AB on a company acquisition which has been filed to the Swedish Competition Authority for approval.
"It is part of our long-term strategy to create further growth within value-added products, and Charkuterifabriken Sverige AB’s fast-growing business and innovative team will be an important part of our company," says Jonas Tunestal, CEO of KLS Ugglarps.
Charkuterifabriken Sverige AB was founded in 2011, then under the name of Nordströms Sverige AB, and changed to its current name in 2015. The charcuterie factory, located in Halmstad, produces charcuterie products such as sliced cold cuts, bacon, roast pork, beer sausage and chilled ready meals.
"KLS Ugglarps is developing very positively and is today the market leader in the Swedish market. Over the years, we have bought several smaller companies in Sweden within processing and successfully integrated them into the existing company. Our Swedish organization has both the capabilities and the resources to continue on that path, so there is absolute potential in the acquisition of Charkuterifabriken," says Jais Valeur, Group CEO of Danish Crown.
Charkuterifabriken Sverige AB, has production in Halmstad, had a turnover of just over SEK 1,000 million (€99.1 million) last year and has around 200 employees.

KLS Ugglarps is the market leader in Swedish meat production with four slaughterhouses and three charcuterie factories in southern Sweden. Last year, KLS Ugglarps had sales of SEK 7,000 million (€694 million), 1,500 employees and collaborates with more than 6,000 Swedish farmers.

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