Odin Equity Partners acquires majority in System Frugt

Clearwater Advisor

Odin Equity Partners acquires 80% of the shares in System Frugt.

System Frugt, located in Aarhus, was founded in 1990. The company purchases and packs dried fruits and berries, nuts, spices, fresh fruits and vegetables etc. The products are sold through supermarket chains, food wholesalers and specialty shops. In 2002 a production company was established in Turkey; System Multi Food, to ensure reliable supply of quality goods. System Frugt is a leader in its field in Denmark and has begun an expansion at the export markets. Today System Frugt is a strong player in Finland too. The sale to Odin will ensure System Frugt a continued growth internationally.

Founder and owner, Jørgen Danielsen resigns his position as CEO but will still have time in the company. System Frugt employs 160 employees in Denmark and at its factory in Turkey.