Danish Crown’s acquisition of the Swedish meat business, Dalsjöfors Slakteri, has been approved by the Swedish competition authorities, clearing the way for a move which is forecast to increase the Danish group’s revenue by almost £100 million.
The acquisition, which is being made by KLS Ugglarps AB, a wholly owned subsidiary of Danish Crown, was described as “great news” by KLS CEO, Jonas Tunestål, who said that work will now start on integrating Dalsjöfors Slakteri into Danish Crown.
“We must also identify which investments are necessary to realise the synergies which are a shared objective for both parties,” he said.
Danish Crown’s group CEO, Kjeld Johannesen, said the acquisition will result in a significant increase in the number of pigs and cattle supplied to the business.
“Access to raw ingredients is crucial for us being able to further develop our cooperation with the Swedish retail trade,” he said. “The takeover is therefore an important step in our efforts to make KLS Ugglarps an even stronger asset for Danish Crown and Danish Crown’s owners.”