Axel Johnson acquires the Oldmark family’s 30 percent ownership in Martin & Servera, and the company will thereby become wholly owned by Axel Johnson.
In 2011, the two family-owned companies Martin Olsson and Servera merged to form Sweden’s leading restaurant and food-service wholesaler – both in the private and in the public sector. During the years since the merger, Martin & Servera has grown to a turnover of SEK 14.6 billion in 2018, with close to 3,200 employees. The company has expanded in both the public sector and private restaurant operations, now being the largest supplier in the Swedish market.
Caroline Berg, Chairman of Martin & Servera and Axel Johnson:
“I want to thank the Oldmark family for an outstanding partnership from the time when we started the discussions before the merger, and all the way to this day. It has been a pleasure to work together. On Axel Johnson’s part, we want to continue the path that we are on, and we are immensely proud of Martin & Servera’s focus on quality, sustainability and on simplifying our customers’ everyday lives and business. In recent years, Martin & Servera’s operations have been broadened further by, among other things, several acquisitions of specialist companies and the establishment of new services and operations, which makes us an even more complete partner to Sweden’s restaurants. Looking ahead, digitalisation gives us great opportunities to develop the business by working smarter, becoming more resource efficient and being even better at understanding and providing service to our customers.”
Martin Oldmark, who was chairman of Martin & Servera between 2011-2018:
“When we created Martin & Servera together with Axel Johnson, the long-term perspective that characterizes family businesses, was an important unifying factor. When we now leave as owner, we are very pleased with Martin & Servera’s strong development and leading position in the market, but also, that it will remain a Swedish family-owned company, where business is always combined with long-term thinking and responsibility.”
The transaction is subject to approval by the competition authorities in Sweden and Finland. The parties have agreed not to disclose the purchase price.