Press release

12.04.11
 
Scandza enters cakes and biscuits category through acquiring Bisca

Copenhagen, 12 April 2011 – Bisca A/S, the largest provider of cakes and biscuits in Denmark with popular
brands such as Bisca , Karen Volf and Bakkegaarden, has been sold to Norwegian consumer goods company
Scandza AS, majority owned by investment firm Lindsay Goldberg.
 
Under the management of Mr. Leif Bergvall Hansen, Mr. Lars Ytting and Mr. Michael Budtz Berthelsen,
Bisca has gone through a successful turnaround, generating very positive financial growth for several years.
Strong finances and robust market positions throughout the Nordic region have made Bisca an attractive
company.
 
”In recent years, Bisca has implemented a new strategy focused on more processed cakes and biscuits and
has been able to show greatly improved results. At the same time, the company has built up a robust
position as market leader in Denmark as well as strong positions in Norway and Sweden”, says Chairman of
the Board, Mr. Claus Astrup-Larsen.
 
The selling shareholders, LD Equity 1 K/S, Helsingør Fællesbageri A/S, Bisca Holding A/S, Dansk
Erhvervsinvestering A/S and Nykredit Realkredit A/S as well as a group of private investors, have decided to
sell their shares to Scandza. The transaction is now awaiting final approval with the Norwegian competition
authorities.
 
Scandza is managed by Mr. Jan Bodd and Mr. Stig Sunde, both of whom have extensive experience from
the Nordic consumer goods sector. Together they have established Scandza to invest and develop
companies within the food and beverage industry. The purchase of Bisca is a key element in Scandza’s
strategy and helps solidify the company’s position in the Nordic region. Scandza already owns Sørlandschips
AS (Norway’s second largest potato chips company) and Synnøve Finden AS (Norway’s second largest dairy
company).
 
“We are very excited to be able to expand Scandza both geographically and product wise in line with our
long term strategy of becoming a leading Nordic consumer goods company”, says Mr. Bodd and Mr. Sunde.
 
Bisca’s administration and production is located in Stege on the Danish island of Moen. At the production
site, the daily workplace of about 400 employees, 15.000 tons of biscuits, crackers and cakes are produced
at 18 bakery lines. Bisca has a turnover of approximately DKK 730 million.
 
“I am pleased to be able to join the Scandza team. Bisca has realized strong improvements across the
business platform in recent years, not least because of the great team we have. I am looking forward to
continue this success as part of Scandza”, says Mr. Bergvall Hansen, CEO of Bisca.
 
For more information please contact:  

LD Invest Equity                        Bisca A/S                              Scandza AS
Partner                                     Chairman of the board            Co-founder
Niels Retbøll                              Claus Astrup-Larsen               Jan Bodd
Tlf: +45 24 41 88 24                 Tlf: +45 20 28 28 44               Tlf: +47 982 45 100
email: nir@ld-invest.dk               email:cal@isabella.net              email: jan.bodd@scandza.no
© Bisca a/s | Ahornvej 1 | 4780 Stege | Tlf. 72 11 00 00 | info@bisca.com