Danish Crown to acquire pepperoni producer DK-Foods
According to a company statement, DK-Foods will operate as a separate business unite under Tulip Food Company, Danish Crown's subsidiary, spearheading the group's global focus on pizza toppings.
"In acquiring DK-Foods, we are acquiring a focused and unique company which, since its establishment in 2003, has enjoyed impressive growth. At Tulip Food Company, our strategic focus internationally is on four categories: bacon, canned products, snacks and pizza toppings, so we're looking forward to incorporating a well-run, agile and fast-moving business. The acquisition of DK-Foods represents a giant leap forward when it comes to realising our bold ambitions within a category which is experiencing growth in many markets, and the acquisition will bring us even closer to our pizza customers," says Kasper Lenbroch, CEO at Tulip Food Company.
Danish Crown has been DK-Foods' preferred supplier of raw materials for several years. At the beginning of 2016, DK-Foods sold 70% of its shares to Maj Invest Equity, while the executive board, comprising Steffen Ramsgaard and Per Fischer Larsen, retained the remaining 30%. In taking over the company, Danish Crown is acquiring all the shares in DK-Foods, but Per Fischer Larsen and Steffen Ramsgaard will remain on the executive board. They will report to Kasper Lenbroch.
Photo description: From the left is seen Tulip's CFO Henrik Weihrauch, the board members Per Fischer Larsen and Steffen Ramsgaard from DK-Foods, Tulip's CEO Kasper Lenbroch, partner Per Høholt from May Invest Equity and Kasper Orloff, who is the VP Corporate Secretary at Danish Crown. - Source Danish Crown
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