NDX, a Lithuanian investment group, has acquired Lantmännen Doggy, Sweden's leading pet food producer, enhancing its portfolio in the FMCG sector.
Information on the Target
Lantmännen Doggy, established in 1903, is the leading producer of cat and dog food in Sweden. The company boasts a strong brand portfolio which includes well-known names such as Doggy, Mjau, and Bozita. In 2014, Lantmännen Doggy recorded net sales of SEK 564 million, with around 40% of its revenue derived from exports. The firm operates out of Vårgårda, Sweden, and employs approximately 170 individuals, underscoring its significant presence in the pet food industry.
The acquisition by NDX is a strategic move, as it aligns with NDX’s broader investment goals in the pet food sector. The incorporation of Lantmännen Doggy into NDX’s portfolio not only enhances its market reach but also brings in a seasoned workforce and advanced production capabilities.
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Industry Overview in Sweden
The pet food industry in Sweden has shown notable resilience and growth in recent years, driven by an increasing focus on pet health and nutrition. Swedish consumers are known for their premium-pr
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NDX
invested in
Lantmännen Doggy
in 2015
in a Other deal
Disclosed details
Revenue: $59M