Munax Oy sells its share capital to the Danish DANÆG Group
The entire share capital of Laitila-based Munax Oy has been sold to the Danish egg market leader DANÆG Group. Munax Oy’s executive management, led by CEO Janne Torikka, and all other personnel will continue in their positions. In the future, Munax Oy will operate as an independent company in the DANÆG Group.
– Munax has reached a stage in its development that we need a strong partner to take our ideas and innovations forward. DANÆG has been a minority shareholder in Munax since 2015. The past six years spent together have been a time of strong growth and construction in Munax’s history. Today, Munax has grown into an operating entity in three locations. The new owner is strongly committed to further growing Munax. Nordic ownership is also a good thing for a Finnish producer. After these years, DANÆG is familiar with our egg production, so the company is the best partner to take our egg expertise to a new level, says Janne Torikka, CEO of Munax Oy
DANÆG acquired a minority stake in Munax in 2015, DANÆG writes in its press release that Munax’s growth and expansions are an interesting thing.
”In recent years, we have come close to Munax and are very familiar with the Finnish egg market, and we believe that the acquisition of Munax will enable us to increase our total exports and play an even bigger role – not only in Finland but also in the Nordic countries. The acquisition of Munax fits perfectly into our strategy, where we focus on growing in the Nordic countries through, among other things, acquisitions of selected companies, the development of new innovative products and the strengthening of exports and domestic markets. We are therefore very much looking forward to further integrating the company into our group” says President and CEO of DANÆG, Jann Dollerup Vig Jensen.
”Munax has been very visionary in its approach to develop business. Over the years they have invested heavily in their production facilities and today their plant is one of the most modern production plants in Northern Europe. Furthermore, there are already ambitious plans to expand the facility. In addition, Munax is also very innovative and has developed a number of exciting new products that we now look forward to bringing to the markets both in the Nordic region and in our many export markets,” explains President and CEO Jann Dollerup Vig Jensen.
For more information, contact:
Jann Dollerup Vig Jensen, President and CEO DANÆG, Mobile +45 23 47 07 97
Lars Lunding, Chairman of the Board DANÆG, mobile +45 24 23 40 11
The DANÆG Group was founded in 1895 as an egg cooperative. The group is owned by 62 Danish and Swedish egg producers (50%) and the raw material group DLG (50%), which is one of the largest agricultural companies in Europe.