Hjem-Is Europa
Status
Realised
Country
Denmark
Strategy
Mid Cap
Sector
Entry
Jan-92
Exit
Oct-97
Fund
IK 1989
Website
Leading Scandinavian distributor of ice cream
Hjem-Is Europa ("the Company"), also known by Hemglass, is a leading direct distributor of ice cream in Scandinavia. The Company manufactures its own ice cream and distributes directly to customers' homes from its well-known blue vans.
The IK 1989 Fund completed acquisition from Munksjö in January 1992, before the stake was sold to Schöller in October 1997.
Our Value Creation Strategy
During our ownership, we worked alongside the management team to:
- Drive expansion into Finland, Germany and Norway;
- Applied internal benchmarking & transfer of best-practices;
- Complete distribution system restructuring distribution; and
- Establish a new production facility in Esbjerg.