Danish office furniture manufacturer Dencon, based in Skive, continues to seek a new owner even after appointing Niels Svolgaard as its new CEO. The company, which has a production area of around 8,500 m² and employs approximately 50 staff, has been on the market since long-time owner Henrik Søgaard Feld retired in 2023 due to illness.
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Svolgaard confirmed that the company is "still for sale" but emphasised there is no immediate pressure, allowing time to find the right buyer. He described the situation as both a risk and an opportunity, citing the openness and honesty within the organisation as reassuring for employees.
Alongside the ownership transition, Dencon is pursuing a growth strategy focused on strengthening exports, expanding collaboration with existing customers, and opening production to OEM assignments. The company delivered a pre-tax profit of DKK 4 million in the most recent financial year, with gross profit rising to DKK 18.3 million and administrative costs reduced by nearly DKK 2 million.
Svolgaard's task is to maintain operational momentum and create value while the search for a buyer continues, ensuring stability during the period of uncertain ownership.
Source: www.wood-supply.dk
