Danish trading fund Pitzner Gruppen Holding AS, owned by asset management company Axel Pitzner Fonden, is acquiring a 60 percent stake in Nordic Houseware Group AS, a leading Danish plastics group.
Based in Nærum, in eastern Denmark, Nordic Houseware Group has two plastics manufacturing businesses: Plast Team AS and Room Copenhagen AS.
Plast Team, produces more than 45 million plastic articles annually, making it a leading company in design and production of plastic products for storage, food storage, cleaning, and laundry.
Room Copenhagen is specialized in brand extension and is licensed to produce storage boxes, lunchboxes and drinking bottles in collaboration with leading brands such as Lego, Crayola and Star Wars.
In 2008, Nordic Houseware CEO Jacob Andersen bought Plast Team out of insolvency, after which he launched a comprehensive turnaround of the company.
He established licensing activities in 2010, distinguishing Plastic Team from the then newly founded Room Copenhagen.
In 2016, the Nordic Houseware Group holding company was founded to cover both businesses.