Scandi Standard acquires Bosarpskyckling AB
Scandi Standard, through its subsidiary Kronfågel AB, is acquiring the Swedish organic and KRAV-approved chicken producer Bosarpskyckling AB. The acquisition will give Kronfågel AB an expanded customer offering, helping to meet the ever stronger demand for organic food.
Bosarpskyckling AB is Sweden’s leading producer of organic broiler chickens under the Bosarp brand. The company was founded in 1999 by Birgitta and Claes Alwén at Bosarp Farm in Skåne. Full-year turnover for 2013 was approximately SEK 25 million, and the company is expected to make a positive contribution towards Scandi Standard’s results from the outset. The average compound annual growth rate (CAGR) has been twelve percent since 2010. The purchase sum is maximum SEK 33 million on a debt-free basis. The company is supplied by five contracted farmers.