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Arla Foods sells Semper AB

Press Release   •   Jun 20, 2003 17:12 CEST

Arla Foods has agreed to sell the Swedish subsidiary Semper AB to Triton, the private investment company.

The company will continue under Semper’s current management who will take a stake in the new company.
Semper AB produces baby food, gluten-free products, deep-frozen ready-meals and a range of health food products.
Production of Semper’s products, which takes place at Arla Foods’ Götene plant will continue as before for a five-year period.

The purchase is conditional upon approval from the competition authorities. The purchase sum has not been disclosed.
Semper’s Managing Director Jan Eidolf says:
”This is a good solution for Semper and means that we can increase focus on our core business. We can build on the favourable developments of recent years and now have the opportunity to strengthen our position in the Nordic area further.”

A year ago, the Board of Arla Foods decided to focus the company’s business on the core areas of dairy products and to dispose of Semper AB.
Two weeks ago, Semper Clinical Nutrition, which was part of Semper AB, was sold to the pharmaceutical giant, Novartis.

Semper’s new Managing Director will be the current Deputy Managing Director Andreas Sbrodiglia. Jan Eidolf, who is stepping down, will remain on the board.

Last year, Semper AB had a turnover of around DKK 900 million and employs a workforce of 300.