Bergfalk & Co and Johan i Hallen form a leading specialist in fresh food products in Sweden
Earlier this year, Litorina acquired a majority in Bergfalk & Co together with the former major shareholders and senior management. In order to establish a more competitive participant in the market, a partnership with Johan i Hallen has been formed.
Johan i Hallen was founded in 1916 and has since then grown its revenues to approximately SEK 640 million. The company has a significant market position in Sweden, with clear history from Gothenburg. Johan i Hallen offers high quality fresh foods with focus on meat and delicatessen meat, primarily to restaurants and hotels which account for most of the turnover. The company has built its strong market position and well-reputed, brand by offering competence, product quality and own production combined with a local presence, speed, flexibility and a high level of service.
“We have a vision to become the Nordic region’s best protein specialist, and to us, this deal feels very exciting. The fit between Bergfalk & Co and Johan i Hallen is very good, as Bergfalk & Co primarily has its focus in Stockholm, while Johan i Hallen is strong in western Sweden albeit with a nationwide profile. Together, we obtain a broader and more powerful customer offering and the new group will be the natural choice for professional restaurant owners and chefs concerning the protein in the middle of the plate,” says Lars Bengtsson, CEO of Bergfalk.
“By means of the partnership between Bergfalk & Co and Johan i Hallen, a leading specialist in the distribution of meat and fish to restaurants is formed. There are extensive similarities in how Bergfalk & Co and Johan i Hallen work with their customers, and via this deal together we can establish an even stronger customer offering” says Johan Andersson, Partner in Johan i Hallen.
“We are exceptionally enthusiastic about the formation of this group and believe that this transaction has a clear industrial logic. Bergfalk & Co and Johan i Hallen complement each other in terms of customers, geographical presence and product lines. In addition, the companies have strong similarities in the way they work with their customers. We look forward to supporting the new group and its key people on the path to further development and growth,” says Lars Verneholt, Partner at Litorina V Advisor AB, Investment Advisor to Litorina V AB.
For further information, please contact:
Lars Verneholt, +46 73 386 92 07, Partner, Litorina V Advisor AB
Lars Bengtsson, +46 70 523 30 02, CEO, Bergfalk & Co
Per Erik Engström, +46 70 752 55 83, CEO, Johan i Hallen
Johan Andersson +46 70 884 44 04, Partner, Johan i Hallen
Bergfalk & Co was founded in 1840 and is a leading Swedish specialist in fresh products with a focus on meat, fish and seafood. The company offers high quality products, primarily to restaurants in Sweden and Finland. as well as to the grocery trade. Bergfalk has an annual turnover of approx. SEK 550 million, and has over 140 employees, with headquarters in Älvsjö, just outside Stockholm. For more information, please visit www.bergfalk.se.
Johan i Hallen was founded in 1916 and is a leading Swedish specialist in fresh products with a focus on fresh meat and processed meats. The company offers high quality products primarily for restaurants and hotels in Sweden. Johan i Hallen has an annual turnover of approx. 640 million, and has over 125 employees, with headquarters in Partille, near Gothenburg. For more information, please visit www.johanihallen.se.
Litorina was founded in 1998 and focuses on acquiring and industrially developing primarily Swedish companies together with their management teams. Litorina offers broad and deep expertise via both its own organisation and through its network of industrial advisors. Litorina V Advisor AB acts as an investment advisor to the Swedish private equity fund Litorina V AB. For more information, please visit www.litorina.se.