Irish-headed private-equity house CapVest has created the biggest poultry producer in the Nordic regions after buying Kronfagel Group in Sweden and Denmark, and Cardinal Foods in Norway.
In its latest deal, CapVest worked with Swedish firm Lantmannen to take over Kronfagel from Lantmannen, and Cardinal Foods from CapMan.
The deal creates a company with annual turnover of about €600m a year that will be "well positioned" for "further development in international markets, as well as opportunities for product development and innovation," Independent.ie reported.
CapVest will be the controlling shareholder, with 52 percent, while Lantmannen will hold the minority stake of 48 percent.
The terms of the transaction are undisclosed. Completion is subject to Danish, Swedish and Norwegian Competition Authority approval.
