SFK Food to be acquired by Solina Group
On 27th August, our client, Odin Equity Partners, announced their intention to divest their food ingredient business, SFK Food, to the Solina Group.
SFK Food is the leading innovative blend developer and supplier of spices, herbs, marinades and functional ingredients in Denmark for the meat, fish and poultry industries. SFK Food has long-standing relationships with both retail and industry customers based on a deep knowledge and understanding of Scandinavian taste.
During Odin’s ownership, SFK Food has acquired India-Nor in Norway and developed its main markets through the introduction of innovative products. In addition, the platform has been strengthened through merging three production sites into one and optimising business processes and net working capital. Today, the company has around 100 employees with headquarters in Aarhus, Denmark and a sales office in Oslo, Norway.
Solina Group, headquartered in France but with regional offices throughout Europe, offers a full range of food ingredient solutions in the areas of taste & visual, functional ingredients, and nutritional finished products. Through its acquisition of SFK Food Solina Group is strengthening its presence in Scandinavia.
The transaction is expected to close at the end of September 2014. The parties have agreed not to disclose the transaction terms.