Them Andelsmejeri sold to PE firm

Them Andelsmejeri, the Danish dairy cooperative, is being sold to section private-equity steadfast Erhvervsinvest.

The activities of Them Andelsmejeri are being transferred to a recently established entity, Them Mejeri, the backstage equity money said connected Friday (5 June).

All 12 cooperative members volition proceed supplying earthy beverage for food manufacturing astatine this entity.

The woody is taxable to regulatory approvals. Financial presumption were not revealed.

The merchantability follows the termination of Arla's planned takeover of Them Andelsmejeri successful April owed to contention concerns.

At the time, Christian Schultz, the president of the Danish Competition Council, said: “Our probe indicates that a merger betwixt Arla and Them Andelsmejeri would harm contention with the hazard of higher prices for steadfast and hard cheese, which accounts for astir fractional of food depletion successful Denmark.”

Them Andelsmejeri produces implicit 5,500 tonnes of integrated and accepted yellowish cheeses annually, including Danbo and speciality options.

It has 90 employees crossed dairy production, packing, warehouse, and medication teams, alongside its on-site food shop.

Sourcing earthy beverage locally, the institution supplies retail, foodservice, and wholesale markets, chiefly Denmark.

“With Erhvervsinvest's ownership, we summation further competencies that tin assistance turn and further make the company, fortify our beingness with our customers and astatine the aforesaid clip unfastened up caller export markets and concern areas,” noted Søren Hansen, the CEO of Them Andelsmejeri.

The acquisition of Them Andelsmejeri marks Erhvervsinvest’s 4th investment.

Thomas Marstrand, the managing spouse astatine Erhvervsinvest, said: “We look guardant to processing the institution further successful adjacent concern with the absorption and the dedicated Them employees, going guardant nether the institution sanction Them Mejeri A/S. In summation to a continued absorption connected the Danish market, we besides anticipation to make maturation successful selected export markets.”

It follows the fund’s October concern successful different dairy successful Denmark - Fayrefield Ingredients Holding.

Erhvervsinvest acquired bulk of shares successful Fayrefield, a supplier of milk-based ingredients, functional blends, cheese, food and nutritional products for the nutrient sector. Fayrefield operates accumulation facilities successful Denmark and has offices successful the US, China, Poland, France, and the UAE.

Meanwhile, successful March 2024, the money acquired biscuits marque Bisca from Norwegian nutrient radical Scandza.

"Them Andelsmejeri sold to PE firm" was primitively created and published by Just Food, a GlobalData owned brand.