SFK/OTZ Holding acquired by Odin Equity Partners

Clearwater Advisor

Odin Equity Partners has acquired the majority ownership of Denmark’s leading supplier of spice blends, marinades and other ingredients to the food industry, supermarkets and independent butchers.

Odin Equity Partners has acquired the majority ownership of SFK Food and W. Oschätzchen Århus, which are the leading supplier of spice blends, marinades and other ingredients to the food industry, supermarkets and independent butchers. SFK/OTZ was previously owned and managed by Kjeld Kronborg Danielsen and Casper Juul Sørensen with Danish Crown and Sparekassen Kronjylland as significant minority shareholders. Both Kjeld Kronborg Danielsen as well as Casper Juul Sørensen will continue as directors of SFK/OTZ and as shareholders in the business together with Odin.

The transaction is the initiation of a new growth strategy which shall strengthen the company’s position in Northern Europe and continue the focused development of new food concepts for example within Convenience Food.

W. Oschätzchen Århus was founded in 1919 and currently employs 45 people in the production facilities in Stilling.SFK Food was founded in 1931 and currently employs 75 people. Since 2006 the two companies have been integrated and a series of strategic actions has been taken, so the two companies today work as one unit. The annual turnover for the group is DKK 350 million.