DLG Group sells Samsø Syltefabrik and European Freeze Dry to Erhvervsinvest

DLG Group has agreed to sell its two subsidiaries, European Freeze Dry, and producer of pickles and preserves, Samsø Syltefabrik, to the Danish private equity fund Erhvervsinvest. The divestment of the two market-leading companies is part of the DLG Group's strategy to focus on its core business areas of agribusiness, vitamins and minerals and the services and energy sector.

"This is another important step in strengthening our core business and we are pleased to pass on the ownership of these two companies. As Erhvervsinvest are committed to investing in the continued development of the companies and their employees, we feel confident that we have found the right buyer," says Kim Balle, CFO of the DLG Group.

 Business Invest's Managing Partner and CEO, Thomas Marstrand, is pleased with the acquisition of the two companies.

 "Both companies are market leaders in their respective niche markets, and we believe there is a significant potential in letting them develop organically as well as through further acquisitions. We look forward to continuing the companies' impressive development from the already strong foundation that has been created by the managements and employees of the two companies, "says Thomas Marstrand.

European Freeze Dry is a leading European supplier of freeze drying products and services with factories in Denmark and England. The Company freeze-dries a variety of products for several industries, including reeze-dried ready meals and bacterial cultures for companies such as Chr. Hansen.

Freeze-drying is one of the most effective drying methods as it lets products retain the taste, vitamins, nutrituional value and other critical properties. At the same time, it ensures a very long shelf life. European Freeze Dry has more than 50 years of experience with freeze-drying and has created strong positions in selected niche markets.

Samsø Syltefabrik is the leading Danish supplier of pickles and preserves that meets the increased market demand for traditional and locally-based pickling products through its strong market position and brand story.

Customers consist primarily of the largest Danish players in the retail, catering and food industry. In addition to private label productions, the company ownsuch as Samsø Syltefabrik, Samsoe and Trolleborg