After nearly a decade of joint ownership and successful growth, the two family-owned companies have agreed that Jørgen Schou Holding will acquire Lars Larsen Group's share of Schou Company.
© Schou
Since 2017, Lars Larsen Group has owned 49% of Schou Company, which is the largest non-food wholesale company in the Nordics. Tradesmanship has been the backbone for both companies, and the collaboration has contributed to over 100% growth in Schou Company.
Based on the great cooperation and a strengthened position, the two companies have agreed that Jørgen Schou Holding will acquire Lars Larsen Group's share of Schou Company, so that it will be solely owned by the Schou family.
Agreement is a clear win-win'
We consider this agreement a clear win-win. We are happy and proud to have been part of this successful growth together with the Schou family. Now we agree that Jørgen Schou Holding will fully acquire Schou Company, and it is the right decision for continued development,' says President & CEO of Lars Larsen Group, Jesper Lund.
'The joint ownership has been crucial for Schou Company to achieve the growth and strength that the company has today. Now both we and Lars Larsen Group are well-positioned for continued close and strong cooperation, and at the same time, I am of course pleased that Schou Company is now 100% back in the family's ownership,' says owner of Jørgen Schou Holding, Jørgen Schou.
Cooperation continues
In 2014, Lars Larsen Group and Schou Family Invest also jointly founded Vision Properties, which has built one of Northern Europe's largest logistics centers, Vision Park in Kolding. Lars Larsen Group and Schou Family Invest each own 50% of Vision Properties, and this cooperation will continue unchanged.
'Our respective family owners, the Brunsborg family and the Schou family, have long had close relations, both personally and professionally. Therefore, we are pleased to also continue the cooperation on Vision Properties,' says Jesper Lund.
In addition, Lars Larsen Group's largest subsidiary JYSK will continue its extensive cooperation with Schou Company.
Facts about Schou Company:
- Schou Company is an international trading company within Home & Living based in Kolding
- Schou Company has more than 400 employees
- Schou Company owns one of Northern Europe's largest logistics centers in Kolding and has over 150,000 m2 of warehouse space in Europe.
More information:
Schou
reception@schou.com
www.Schou.com