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9 Nov 2022

MCF advised the owners of Algomin AB on the sale to Hasselfors Garden AB

Algomin AB ("Algomin"), a leading provider of sustainable fertilisers, has been sold to Hasselfors Garden AB ("Hasselfors Garden"), a subsidiary of Kekkilä-BVB and Neova Group. The acquisition strengthens Hasselfors Garden's position in becoming the number one gardening brand in Sweden.

In this transaction, MCF supported Algomin’s existing owners in finding the right partner for the company’s next growth phase. The deal leverages the team's consumer expertise and adds to MCF's strong track record of supporting entrepreneur-led companies and delivering lasting value to our clients.

“We believe that in the care of Hasselfors Garden, Algomin products can continue to grow and support the needs of an even wider group of consumers interested in gardening. MCF Corporate Finance was instrumental in finding the right buyer for our company who shares our passion for sustainability and gardening. We have enjoyed working with MCF throughout the process and we are extremely grateful and satisfied with the valuable guidance and support we have received to facilitate this deal.”

Oscar Lagerberg

CEO of Algomin

The Deal

Hasselfors Garden is a leading provider of gardening products in Sweden. With the acquisition of Algomin, Hasselfors Garden expands its presence in other categories than soil which supports the strategy of being the best partner for Swedish home gardeners. With its focus on sustainability and gardening joy, Algomin is a perfect fit for Hasselfors Garden.

The Target

Algomin is a second-generation family company founded in 1983, providing sustainable fertilisers, lawn and plant nutrition and products for soil improvement. Algomin is a pioneer in sustainable fertilisers and is the most valued fertiliser brand in Sweden.

The Lagerberg family has been able to make a true success story out of Algomin and have built a solid and loyal customer base that is continuously growing with a very strong market position. The well-known Algomin brand has been functioning as a platform for new product releases which have been welcomed by the loyal customer base. The popularity has also been enhanced by an ambitious environmental focus dating back 40 years, supported by ISO and KRAV certifications.

About Hasselfors Garden

Hasselfors Garden is a leading provider of gardening products in the Swedish market. The company has a long history and is one of the ten oldest companies in Sweden, established in 1603. Hasselfors Garden is a subsidiary of Kekkilä-BVB, the European leader in horticulture. Kekkilä-BVB provides products and services for professional greenhouse growers, retail, consumers and landscapers to over 100 countries worldwide.

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Nils Petter Palmefors