New Majority Owner in Graintec A/S

As per Tuesday, the 1st May 2018, Henrik Hougaard has acquired 47.5% of the shares in Graintec A/S from a number of minority shareholders and thereby controls 90% of the company through the family’s investment company Thoraso A/S. The remaining shares are owned partly by the management and partly by the company itself.

 

In 2017 Graintec A/S had a turnover of DKK 275m. As a direct result of many years’ successful development, the company has grown to be among the leading suppliers of solutions and services for production of extruded feed for the aqua feed and pet food industries. In recent years, however, Graintec has experienced a period with challenges and fluctuating results. The first step in the turnaround was made in 2017 with the employment of Michael Mortensen as new CEO and the preparation of a strategic plan up until 2021.

 

Through this investment, the strategic and financial foundation to develop Graintec and accelerate growth in the future has been further strengthened. The new majority owner has in the past shown his ability and willingness to lift a Danish company into being a global leader. In November 2017, Henrik Hougaard sold SKIOLD A/S to the investment company Solix. SKIOLD A/S was owned by the Hougaard family for three generations, and has a turnover of approx. DKK 600m. SKIOLD A/S is a leading supplier of equipment and systems for feed plants, piggeries and seed cleaning.

 

The future growth of Graintec will be achieved through a clear strategic focus that will further enhance Graintec’s existing capabilities in supplying complete turnkey feed factories, as well as through the development of new solutions to new customers in new markets. In the future, both organic possibilities and the potential of strengthening Graintec through acquisition will be considered.

 

The day-to-day management with Michael Mortensen as CEO and Kasper Holm as CFO will continue unchanged.

 

Henrik Hougaard
Chairman of the board
Contact no: +45 4053 6248
Michael Mortensen
CEO
Contact no: +45 2428 9909