Segulah II and management acquire Norfoods

6 September, 2000

Segulah II and company management has acquired Nordic Food and Drink Suppliers AB, Norfoods, in an MBO. The seller, Hexagon, is a listed Swedish industrial group. Norfoods is the leading supplier of ingredients, raw materials and packaging to Scandinavian food manufacturers.

The Group had sales of SEK 837 million in 1999 and employs about 80 people in facilities in Malm” and Copenhagen. The Group has three major operating companies Swedish ingredient- and raw material supplier AB R Lundberg, packaging supplier LG Fredriksson and Danish ingredient- and raw material supplier Bech & Kjeldahl.

“The new ownership structure provides a sound basis for further development of Norfoods.”

Anders Brantberg CEO Norfoods

“Norfoods possesses unique knowledge on the Scandinavian food manufacturing industry and has a strong position as market leader. Segulah intends, in co-operation with management and staff, to build on these strengths to expand Norfoods to the other Nordic countries.”

Gabriel Urwitz, CEO AB Segulah

For additional information please contact:

Christian Sievert, Partner of AB Segulah phone +46 708 66 96 94, or e-mail: sievert@segulah.se

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