August 11, 2011

  

Danish Crown may go public

 

 

In order to finance future growth, Europe's largest pork producer Danish Crown may have to break with its co-operative tradition and either go public or attract international investors.

 

The meat exporting co-operative is owned by nearly 10,000 independent Danish pig and cattle farmers. It also controls 25 slaughterhouses and meat-packaging plants and nearly 100 foreign sales offices worldwide.

 

However, board chairman Niels Mikkelson said that the company will have to raise DKK5 billion (US$954 million) in development capital to realise its aim to be one of the three biggest food producers in Europe.

 

He said, "The company, and thus Danish pig producers, are experiencing a time of historic challenges, where we have to become competitive to secure our future."

 

Danish Crown is a parent company of Tulip, whose brands include Tulip, Danepak, Plumrose, Spam and Stagg.

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