Danish family sells their millionvirksomhed

the Family has not tried to attract the big media attention, despite the fact that their business Lip, which produces and sells adhesive and sealant, have an an

Danish family sells their millionvirksomhed

the Family has not tried to attract the big media attention, despite the fact that their business Lip, which produces and sells adhesive and sealant, have an annual turnover of just over 200 million kronor.

Now, the family has, however, gained media attention, as they have chosen to sell the company, which has been run by Vangsted family in 52 years.

It writes the Finance.dk

the Buyer of the Lip is the global industrial group Bostik. Finance.dk announces that the price for the Lip is not published, but that is with all certainty not talking about peanuts, the Lip has for several decades been a highly profitable business'.

Brian Vangsted, who owns the Lip along with his two sisters, has decided to Finance.dk about the sale of the family's life's work.

"many years ago we decided that we would probably be the last generation who owned the Lip. Therefore, it was only a matter of time, and we have been working on a sale in a longer period of time," says Brian Vangsted.

Last year said the very same Brian Vangsted, however, that the family wanted to own and operate the company for many years yet. Despite switching to the business with 50 employees now hands, and the deal is expected to be finalised in the beginning of the new year.

Updated Date: 16 December 2019, 21:00

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