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Campbell Soup Co to Acquire Kelsen Group

Monday, 17 Jun 2013 04:33pm EDT 

Campbell Soup Co announced that it has entered into an agreement to acquire Kelsen Group A/S from Maj Invest, a private equity firm, and several other investors. Based in Nørre Snede, Denmark, Kelsen is a producer of quality baked snacks that are sold in 85 countries around the world. Its primary brands include Kjeldsens and Royal Dansk. Kelsen has established distribution networks in markets in Asia, South America, the Middle East and Africa as well as the United States. Campbell plans to operate Kelsen as a standalone business based in Denmark, reporting to Luca Mignini, President - Campbell International. The terms of the transaction were not disclosed. Closing is subject to regulatory approvals and other customary conditions. Campbell expects the acquisition to be modestly accretive beginning in 2014. Bruun & Hjejle in Denmark and King & Wood Mallesons in Hong Kong served as Campbell`s legal counsel. Maj Invest and Kelsen investors were advised by FIH Partners and Kromann Reumert served as legal counsel. 

Company Quote

0.05 +0.11%
29 Aug 2014