Valedo backs Lakrids by Johan Bülow

Founder Johan Bülow will retain a minority stake in his company following the buyout, which comes nine years after he founded Lakrids.

Bülow will also continue as CEO of the Hvidovre-based company as it looks to boosts its international growth with the new capital from Valedo. Lakrids will be focusing mainly on European expansion, with Germany being the first target for the liquorice maker.

For Valedo, Lakrids by Johan Bülow is its second foray into the Danish upmarket food sector, having invested in juice bar chain Joe & the Juice in 2013.

Company
Lakrids by Johan Bülow is a maker of luxury liquorice sweets and ingredients.

Founded in Bornholm in 2007, the company produces a range of black liquorice products. It employs a staff of 200 and generated gross profit of DKK 65.6.m in 2015.

People
Lakrids by Johan Bülow – Johan Bülow (CEO).

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