Sweden-based Scandi Standard divested of its majority stake in Rokkedahl Food, which operates a poultry slaughter plant in Denmark.
Poultry processed at the Rokkedahl plant were organic and free-range birds, and the products were marketed under Scandi Standard’s Danpo brand.
According to a press release on the Scandi Standard website, the company will sell its 51% stake to the minority owner, Rokkedahl Food Holding A/S, which is controlled by members of the Rokkedahl family.
Scandi Standard initially purchased the majority stake in 2018 for an undisclosed amount. Part of the agreement was that in 2023 Scandi Standard would have the option to purchase the remaining 49% of the company, but instead it opted to sell it back.
“The divestment will reduce complexity and free up resources to focus on the ongoing turnaround process of our ready-to-cook business in Denmark. The deal will also allow us to continue marketing organic and free-range products to our customers in Denmark in a much more capital efficient manner than today,” said Scandi Standard Jonas Tunestål.
The transaction became effective July 18.
Scandi Standard, according to the WATTPoultry.com Top Poultry Companies Database, is Sweden’s largest poultry producer and the 15th largest broiler company in Europe. During the past year, the company slaughtered 177.5 million broilers.
In addition to Sweden and Denmark, Scandi Standard also has operations in Norway, Finland and Ireland.
