The DLG Group has entered into an agreement with the investment company Erhvervsinvest to sell 80% of its shares in its subsidiary GASA Group, a distributor of flowers with activities in all European markets.
The sale of GASA Group is the latest in a series of divestments focused on the DLG Group's activities in its three core business areas: Farm Supply, Vitamins & Minerals and Service & Energy.
DLG has owned the company since 2007, but following a successful turnaround of GASA Group, the DLG Group has been looking for a new owner to continue operating the company and exploiting GASA's position on the European market.
"We have owned GASA Group since 2007. Together with employees and the management, we have successfully turned around GASA Group into the profitable, well-managed company it is today, which makes us very proud. At the same time, we have made no secret of the fact that we are not the right owners for the long term. This is why we're pleased to have found the right buyer who will continue to develop and continue the company, with DLG holding a minority interest," says Lars Sørensen, CFO of the DLG Group and chairman of the board of GASA Group.
Thomas Marstrand, managing partner and CEO of Erhvervsinvest, is pleased with the purchase of GASA Group.
"GASA has now become a good, well-managed company with strong value-creating products and solutions. The company holds an attractive position in the European market and we see considerable potential for continued growth through keener focus on sales. Together with DLG, the management and the employees, we are looking forward to contributing positively to the continued development of GASA Group," says Thomas Marstrand.
In connection with the sale, Niels Søren Rasmussen, CEO of GASA Group, transfers to a senior position with DLG where he was also employed earlier in his career.
"Niels Søren Rasmussen has done a brilliant job as CEO, and it explains why we've long wanted to put his skills to use in the DLG Group in connection with the divestment plans," Lars Sørensen says.
The management of GASA Group will now be shared by Daniél Vesterlund and Claes Riber, both of whom were previously members of the GASA Group Executive Management.
In connection with the new ownership, H.C. Madsen, former managing director of Danske Spil, Coop and IKEA Danmark, will join the board as the new chairman. In addition, Lars Sørensen, CFO of the DLG Group, will continue on the board of GASA Group.
For more information:
www.dlg.dk
www.erhvervsinvest.dk
www.gasagroup.com

Announcements
Job Offers
- Commercial Manager Spain
- Crop Farm Manager Sharjah
- Commercial Manager Soft Fruits
- Assistant Nursery Manager - Tasmania, Australia
- Tissue Culture Lab / Operations Manager - Victoria, Australia
- Irrigation Manager - Tasmania or Victoria
- Chief Executive Officer Hortifrut IG Berries
- Head of Operations - Dubai, United Arab Emirates
- Greenhouse grower / production manager - Brazil
- Experienced International Trade Specialist
"Tweeting Growers"
Top 5 -yesterday
- "Our goal is to fully automate horticulture, thereby unburdening growers"
- US (WA): After 48 years of brightening area gardens, Roozen’s Nursery has closed
- "The sensors of 30MHz are indispensable items in every grower’s toolbox"
- Flower distributor plans to build facility in Port St. Lucie and create 210 jobs
- US (OH): Ready for Cultivate'22?
Top 5 -last week
Top 5 -last month
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-06-30 Marginpar has new headquarters and a whole new IT system
- 2022-06-30 Import Promotion Desk (IPD) welcomes Kenya as a new partner country
- 2022-06-30 Marketing material for American Grown Flowers Month 2022
- 2022-06-30 Ewout Valstar uses growing experience in new job: "Looking for opportunities to save energy"
- 2022-06-30 Groenland and L&M Groep join forces to become One Flora Group
- 2022-06-30 Bioline Agroscience is launching the first rhizobacterial-based biostimulant
- 2022-06-29 Kisumu horticulture exports to UK resume after three-month break
- 2022-06-29 "The sensors of 30MHz are indispensable items in every grower’s toolbox"
- 2022-06-29 Blue Diamond relaunches charity rose Queen Bee
- 2022-06-29 S. Korean smart farm technology creates cooling greenhouses in Vietnam
- 2022-06-29 "Our goal is to fully automate horticulture, thereby unburdening growers"
- 2022-06-28 Dispute between horti suppliers ends with no patent infringement
- 2022-06-28 Third Trophée d'Or 2022 for Floréac
- 2022-06-28 Touchstone wins first place in Lily League 2022
- 2022-06-28 The result of the Urban Greenhouse Challenge
- 2022-06-28 4-H raffle grand prize greenhouse built by A. E. Peacock students
- 2022-06-28 Horticoop welcomes new co-workers from Codema irrigatie & elektrotechniek
- 2022-06-27 Greenhouse structure is erected in Nepal
- 2022-06-27 Strong support for Dr. Graham Stirling’s nematode masterclass
- 2022-06-27 "At Linde, we have set the bar very high in terms of ergonomics, safety, efficiency and productivity"