Credin bageripartner has entered into an agreement to buy Frederik Christiansen Food, which is a full-package supplier to the Danish bakery and confectionery industry.
Under the agreement, which was signed on 30 September 2010, Frederik Christiansen Food A/S will become a subsidiary of Credin bageripartner. The sellers are Morten and Jens Glud.
Frederik Christiansen Food has 31 employees and had total sales of DKK 144 million in 2009. The company has a long, proud tradition in the Danish bakery and confectionery sector, with a history dating back to 1878.
"This acquisition will strengthen our operations and is part of our strategy to become the best, most professional bakery wholesaler in Denmark. We will continue to provide the professional customer service that is a hallmark of Frederik Christiansen Food. By offering strong professional expertise, inspiration and support, we will work in close collaboration with our customers and help to drive the development of the bakery industry," says Henning Jensen, Managing Director of Credin bageripartner.
Credin bageripartner A/S is one of the leading full-package suppliers to the Danish bakery segment, and supplies margarine, marzipan, bread and cake mix products, as well as finished and semi-finished bakery products. The company has 59 employees, and sales totalled DKK 325 million in 2009. Credin bageripartner is part of Orkla Food Ingredients, a business unit of Orkla Brands.