Scandi Standard

M&A Activity • Apr 12, 2016

PRESS RELEASE 12 April, 2016

Scandi Standard's subsidiary Danpo A/S has acquired a majority shareholding in Sødams Øko Fjerkræslagteri ApS

Sødams Øko Fjerkræslagteri ApS was established in 2009 and processes approximately 500,000 organic and free-range chicken with annual sales of approximately MDKK 18. Sødams' founders will continue to work for the company. The acquisition follows the company's strategy for the Danish market of broadening the product portfolio of Danish chicken.

Scandi Standard has a vision of inspiring Nordic consumers to eat chicken once more per week. A key strategy to achieve this is to offer more premium chicken such as organic and free-range chicken.

For further information, please contact Leif Bergvall-Hansen, CEO +45 22100544

Scandi Standard is the largest producer of chicken-based food products in the Nordic region with leading positions in Sweden, Denmark and Norway. The company produces, markets and sells chilled and frozen products under the brands Kronfågel, Danpo, Den Stolte Hane, Vestfold Fugl, Ivars, and Chicky World, as well as for private labels. In Norway, eggs are also packed and sold under the brand Den Stolte Hane and for private labels. For more information, see www.scandistandard.com