case / 14 Dec 2021
Setterwalls has assisted Nordic Food Group in connection with the sale of all outstanding shares in Trensums Food to the Fazer-Group
Setterwalls has assisted Nordic Food Group, a subsidiary of Profura AB, in connection with the sale of all outstanding shares in Trensums Food to the Fazer-Group.
Nordic Food Group, being the owner of all outstanding shares in Trensums Food AB, has, as of December 9, 2021, entered into an agreement governing the sale of all outstanding shares in Trensums Food to the Fazer-Group. During the financial year 2020/2021, Trensums Food presented a revenue of MSEK 780. Profura AB is the majority owner in Nordic Food Group. Trensums Food is a company exhibiting steady growth and a leading actor within the liquid plant-based grocery product segment with oat drink as primary product focus group. The company was the first actor in the world with commercial production of oat drink and today the company sell oat drink to large parts of the world.
In recent years, Trensums Food has made investments in order to increase its production capacity as a response to a substantial demand for the company’s products, which demand continues to increase, and according to a press release posted on Profura AB’s website, lays the foundation for further future growth potential of the Company’s business. Fazer-Group’s acquisition of all outstanding shares in Trensums Food is subject to merger approval by the Swedish Competition Authority (Sw. Konkurrensverket). The transaction and its completion is expected to occur during the first quarter of 2022.