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Scana sells Belgian unit

Swiss food producer and wholesaler, Scana, has sold its Belgian unit Scana Noliko to an investment consortium. The new owners will hold 62.8 per cent of the Belgian group's capital under the name of Scana Noliko International.

This content was published on June 29, 2000 - 09:49

The shareholders of Scana Noliko International are two groups specialised in the area of risk capital (LRM and NesBic Investment Fund). Management of Scana Noliko will remain the same. No financial details were released on the deal.

Scana Noliko manufacturers and distributes vegetables, oven-ready meals and jams, and is number one in its field in Belgium, with a turnover of SFr130 million in the year to March.

Its former Swiss owner, Scana, based in canton Zurich, will now concentrate on its domestic subsidiary, Scana Lebensmittel, which works mainly with hotels and restaurants in Switzerland.

Turnover from Scana's Swiss operation reached SFr180 million in the last financial year.

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