DAT-Schaub buys up in Benelux
Over the past decade, Danish Crown's DAT-Schaub has grown from being a strong player in Northern Europe to being among the global market leaders. This has happened through targeted acquisitions of companies with growth potential all over the world, and this is also the story behind the acquisition of the majority of shares in the SELO companies.
"We look forward to incorporate the SELO companies into the DAT-Schaub family with a clear goal of being more strongly represented in the Benelux. We have known the company for many years as good colleagues, so when we contacted the owners, an agreement was not far away", says Jan Roelsgaard, CEO of DAT-Schaub.
The two SELO companies specialize in the sale of artificial casings for sausage and food production and, like DAT-Schaub, sell products from the Spanish manufacturer Viscofan – a partnership that started in 1965.
"We are happy to become part of DAT-Schaub. SELO has grown in recent years and is now among the market leaders in the sale of artificial casings. By becoming part of DAT-Schaub, we are significantly improving our product range for the benefit of our customers", says Oskar Nijkamp, CEO of SELO Verpakking and SELO Belgium.
DAT-Schaub buys 70 percent of the shares in the SELO companies, while the current management, led by Oskar Nijkamp and Gerwin Ooms, retains the remaining ownership. Going forward, the plan is to develop the business through the sale of DAT-Schaub's entire product portfolio to customers in the Benelux.
"With sales offices in both the Netherlands and Belgium, the purchase of the majority of shares in the SELO companies gives us a perfect starting point to grow our business scope in the Benelux. We are already strongly represented in countries such as Germany and France, so with the purchase we also compliment our European presence", says Jan Roelsgaard.
It has been agreed between the parties that the purchase price will not be published.
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