MD Foods’ Supervisory Board has accepted an offer from Carlsberg for the purchase of the brewery group’s shareholding in the jointly owned fruit juice processor Rynkeby Foods.
The move is the result of Carlsberg’s decision not to regard juice production as part of its core business. As MD Foods is already operating juice plants in several locations abroad, Rynkeby Foods remains a strategically important business in its portfolio.
Rynkeby Foods was established in 1993 after a merger of the MD-owned Ripella and Carlsberg’s Rynkeby. Each shareholder received 50% of the shares in the venture. Last year, Rynkeby Foods reported profits of DK20.4 million (