”DANSK CATER IN PARNERSHIP WITH ALTOR”
The leading Danish food service company Dansk Cater A/S and the Nordic private equity fund Altor have today entered into a partnership with the objective of continuing the positive development of the Dansk Cater Group. The new group will be owned by a newly established Danish company, Euro Cater A/S, of which the Management of Dansk Cater and Altor each hold 50%.
Dansk Cater is today the parent company of a group of autonomous companies that distribute frozen and chilled food as well as groceries and canned goods to Danish professional kitchens in the private and public sectors. The Dansk Cater Group has 830 employees and recorded revenue of approximately DKK 2,700 million in 2005/2006.
”Since the establishment of Jysk Cater in 1986, Dansk Cater has played an active role in the consolidation of the Danish food service market and is now the leading player in Denmark. The decision to enter into a partnership with Altor is based on a wish to continue participating and acting in a consolidation, nationally and internationally”, says Leon Sørensen, CEO of Dansk Cater.
A 50% partnership with Altor means that the Dansk Cater philosophy will continue to drive and develop the business, thus ensuring continuity for employees, customers and suppliers, while securing resources for future development and growth.
”An increasing share of our meals is prepared and consumed outside our homes. Therefore, we see continued good growth potential in the industry”, Mr Sørensen continues.
”Dansk Cater is, even in an international perspective, one of the most efficient food service companies offering a quality and service level that ensures that we have the most satisfied customers”, says Stefan Linder, Partner of Altor.
”The successful business model makes Dansk Cater a natural platform for continued consolidation and growth, both in Denmark and internationally, which matches Altor’s investment strategy very well. We are looking forward to continue to develop Dansk Cater together with the management team,” Mr Linder adds.