Denmark: Scandza to divest Bisca biscuit brand

Scandza, a diversified Norway-based food and drink firm, has announced it is selling Bisca, a Danish biscuit and cake manufacturer, to Danish private-equity group Erhvervsinvest Management for an undisclosed sum.

Established in 1890, Bisca produces goods such as Danish butter cookies, brownie bites, digestive biscuits, oat and wholegrain biscuits, and crackers, and has a production facility in Stege.

Commenting on the move, Bisca CEO Kristian Walsoe said: “We have seen significant growth in both revenue and bottom line at Bisca in recent years. With our solid brand portfolio and a committed team, we are ready to capitalize on opportunities in both existing and new markets. I look forward to starting a new and exciting chapter for Bisca”.

Erhvervsinvest partner Kristian la Cour said: “Bisca is a robust and market-leading company with solid foundations. We are enthusiastic about the many promising opportunities it offers in both existing and new markets”.

The transaction is expected to be completed by the second quarter of 2024, subject to customary closing conditions.

Source: Erhvervsinvest / Just Food