Joint ownership of Hatting-KS
Danish Agro, Vestjyllands Andel and Danish Crown agree on joint ownership of Hatting-KS
Source: Danish Crown
Randers, 2 January 2013
Danish Agro, Vestjyllands Andel and Danish Crown have decided to strengthen Hatting-KS through a new joint ownership structure. Via their joint subsidiary Vilomix Holding A/S, Danish Agro and Vestjyllands Andel are buying 60 per cent of the shares in Hatting-KS, the largest European supplier of boar semen. Danish Crown retains a 40 per cent stake in the company, while Tican has decided to sell its 8 per cent shareholding.
Hatting-KS is a major player in the market for boar semen and is also active within sales of veterinary and farm supply products.
CEO of Danish Agro and Chairman of the Board of Directors of Vilomix Holding A/S, Christian Junker, is looking forward to working with Danish Crown and the new challenges:
- Hatting-KS has a strong position in the Danish market and a very competent management. We look forward to being able to support the company’s continued development by contributing to increased internationalisation, which is already a strategic focus area. Moreover, considerable synergies will be realised within the veterinary and farm supply activities as regards distribution and purchasing, the overriding purpose being to strengthen our competitive power in relation to Danish farmers, says Christian Junker.
CEO of Hatting-KS Per Nyby Pedersen is also looking forward to the new collaboration.
- The new ownership structure is a considerable forte for Hatting-KS. In 2012, we invested in activities in Germany, and the new partnership will allow us to develop this part of the business further and reach out to even more farmers. The new ownership structure adds both experience and expertise which will ultimately benefit farmers, says Per Nyby Pedersen.
Hatting-KS is no longer part of Danish Crown’s core business, and this is therefore a natural step in the direction of divesting the activities.
- We feel convinced that Danish Agro will be able to further strengthen Hatting-KS's development both nationally and internationally. Hatting-KS holds considerable potential which we believe will be best realised in collaboration with Danish Agro and Vestjyllands Andel, and we are confident that the agreement will guarantee the best possible terms, optimum service and professional sparring for Danish farmers in future, says CEO of Danish Crown Kjeld Johannesen.
The new agreement is awaiting final approval by the Danish compet ition authorities.
For further information, please contact:
CEO, Danish Agro
Chairman of the Board of Directors, Vilomix Holding A/S
tel. +45 2030 5101
Per Nyby Pedersen
tel. +45 2169 9229
CEO, Danish Crown
tel. +45 8919 1401
Facts about Hatting-KS
Hatting-KS is a leading European producer, supplier and distributor of boar semen. Moreover, the company is engaged in activities within veterinary medicine, insemination articles, farm supply and multimedia. Professional service, advanced logistics, fast deliveries and high quality are key focus areas for Hatting-KS. Hatting-KS sells its products in Europe, has 266 employees and posted revenue of DKK 373 million in 2012.
Facts about Danish Crown
Danish Crown is the largest pig slaughterhouse business in Europe and the largest exporter of pork in the world. The group is also the largest meat-processing company in Europe and an important player in the European beef market. Danish Crown has 23,500 employees worldwide and generated revenue of DKK 56.5 billion in the 2011/12 financial year.
Facts about Danish Agro:
The Danish Agro group consists of a number of agro-industrial companies in Denmark and abroad. They all pursue the overall objective of contributing to creating value-adding solutions for individual farms, in close collaboration with customers. The group engages primarily in sales of feed mixes, raw material and vitamin mixes, fertilisers, crop protection, seed grain and energy as well as the purchase of agricultural crops. The Danish Agro group has approx. 3,300 employees and expects to post revenue of approx. DKK 25 billion in 2013.
Vilomix Holding A/S engages primarily in the production of vitamin and mineral mixes for the agricultural, grain and feed industries in Denmark and abroad as well as the sale of medicines, packed goods and disinfection. The group has 550 employees in Denmark, Norway, Sweden, Finland and Russia. In 2013, it expects to post revenue of approx. DKK 2.2 billion.
Facts about Vestjyllands Andel:
Vestjyllands Andel is a grain and feed company based in Western Jutland with 17 departments. Vestjyllands Andel has investments in a number of agro-industrial companies in Denmark and abroad. The company engages primarily in the sale of feed mixes, raw material and vitamin mixes, fertilisers, crop protection, seed grain and energy as well as the purchase of crops from the farming sector. Vestjyllands Andel has approx. 130 employees, and expects to post revenue of approx. DKK 2 billion for 2012.