Sale of Rynkeby Foods to Eckes-Granini
Our client, Arla Foods has today announced the sale of its Nordic juice business Rynkeby Foods to Eckes-Granini, the leading producer of branded fruit-based beverages in Europe.
Rynkeby Foods is the leading Nordic manufacturer of juice and cordials, selling more than 130 million litres of beverages for consumers primarily in Denmark, Sweden and Finland under the Rynkeby® and God Morgon® brands. Based in Ringe, Denmark, the company was founded in 1934 but has been fully owned by Arla Foods since 1998. Revenue in 2015 was approximately 1 billion DKK (€130m).
Povl Krogsgaard, vice-CEO of Arla Foods, stated:
“Over the past two decades Arla has sold off subsidiaries that do not have a direct link to dairy production in order to focus on our core business. Rynkeby is the last remaining subsidiary in the Arla Group not linked to milk and we believe that the Rynkeby business will be better suited under the ownership of Eckes-Granini who can take the company to the next level in its future development.”