date:Apr 10, 2013
Kronfgel Group and Cardinal Foods, two of Scandinavia's leading poultry producers, announced the two companies will merge. Private equity firm CapVest and Lantmnnen, a Swedish farmer-owned business that owns Kronfgel Group, coordinated the deal.
The new company will be a leading presence in the Nordic chicken market with SEK 5.4 billion ($844.1 million) in sales from Kronfgel, SweHatch Bird and Skane in Sweden, Danpo in Denmark and Cardinal Foods in Norway. CapVest will own a 52 percent stake