DAT-Schaub group adjusts ownership
companies Danish Crown and Tican has agreed that future cooperation
with its owners will be concentrated on the meat casing division -
which is the original core business area of DAT-Schaub. The
business will continue under the name of DAT-Schaub.
The Danish DAT-Schaub group, which is owned by the slaughterhouse companies Danish Crown and Tican has agreed that future cooperation with its owners will be concentrated on the meat casing division - which is the original core business area of DAT-Schaub. The business will continue under the name of DAT-Schaub.
Last year the DAT-Schaub group achieved a turnover DK5.9 billion (€800m) within three business areas: the casing division, the slaughterhouse product division, and the trading company Emborg Foods.
The decision means that the slaughterhouse product division - which consists of DAT-Schaub International and the companies Findane, Noridane Foods and Dubai Meat Packers - as well as Emborg Foods A/S will be separated from the casing company, from October 2002. Tican's ownership share of these activities will be redeemed at the same time.
DAT-Schaub International and Emborg Foods are independently operated business units with international trading activities within the meat and food areas. This structure will also continue without changes after October 2002. DAT-Schaub International is managed by Mr Ole Hansen, CEO.
Operations within the companies affected are otherwise expected to continue without any changes. The group also stated that in the coming year the managements and owners will devise a long-term strategy for the companies.
