Investment in wooden packaging solutions

Strategic Investments   /  


Kirk Kapital acquires 40 pct. of the company Dansk Tr├Žemballage A/S. Dansk Tr├Žemballage is the leading manufacturer of wooden packaging solutions in Scandinavia.

Dansk Tr├Žemballage, also known as DTE, develops and manufactures wooden packaging solutions to approximately 1,500 customers in Denmark, Sweden, Norway and selected export markets. More than 150,000 cubic meters of sawn wood and 350,000 cubic meters of raw wood is processed by the company at 11 production sites in Scandinavia on an annual basis. This makes Dansk Tr├Žemballage the leading market participant in Scandinavia ÔÇô a position established through a combination of organic growth and a series of acquisitions.


CEO of Kirk Kapital, Kim Gulstad, is pleased with the investment in Dansk Tr├Žemballage.


ÔÇťWe are very impressed by the development of the company since the management buy-out from the FLS group in 2002. Dansk Tr├Žemballage has in the previous years focused on delivering competitive sustainable wood packaging whilst focusing on delivering the highest standards of service to its customers. We look forward to contributing to continued positive development in the company in close cooperation with the shareholder group.ÔÇŁ says Kim Gulstad.


The current shareholders retain ownership of the remaining 60 pct. of the shares in Dansk Tr├Žemballage after the transaction. They too are excited about the partnership.


ÔÇťWe are in the shareholder group proud of the fact that Kirk Kapital is entering as a larger shareholder of Dansk Tr├Žemballage. Kirk Kapital shares our values and visions of Dansk Tr├Žemballage, and we are looking forward to developing the company together with Kirk Kapital in the years to come,ÔÇŁ says Peter Jensen, CEO and shareholder of Dansk Tr├Žemballage.


Dansk Tr├Žemballage currently has revenue of approximately DKK 1bn and the shareholders wish to grow the company further.


ÔÇťThe strong market position of Dansk Tr├Žemballage in Denmark and its presence in Norway and Sweden is partly established through a series of acquisitions and mergers of smaller competitors. We will actively aim for further consolidation, especially in Sweden and Norway, if the right opportunities arise. We have now ensured the capital resources for this,ÔÇŁ says Peter Jensen.


Kirk Kapital is a minority investor that actively seeks to support a further positive development in the companies that Kirk Kapital invests in. Kim Gulstad and Andreas Faerk, the CIO of Strategic Investments of Kirk Kapital, will enter the board of directors.


PwC Corporate Finance and Bech-Bruun have advised the shareholders of DTE, whilst Brun & Hjejle has advised Kirk Kapital in relation to the transaction.


Contact Information:

Peter Jensen, CEO of Dansk Tr├Žemballage, +45 62 68 13 23

Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70


About Dansk Tr├Žemballage

Dansk Tr├Žemballage is the leading developer of wooden packaging solutions in Scandinavia. The company develops and manufactures wooden packaging solutions in both standard sizes and individual measurements and specifications. The production of the company is environmentally friendly, and all by-products used to produce wood pellets or heat. The company is active in all of Scandinavia with headquarter in Haastrup, Denmark. See more on: