LETT has assisted the selling foundation, K. Juby Smiths Legat, in selling the feedstuffs company Nielsen & Smith A/S to a Danish consortium headed by R2 Agro A/S.

Nielsen & Smith A/S, whose head office is in the Copenhagen district of Glostrup, was founded by the merchant K. Juby Smith in 1928. The two former members of the Executive Board have both been with the company for 50 years.

Nielsen & Smith A/S is one of the major companies within the industry, making huge sales of various kinds of seed grain. Up until now, the company was owned by a foundation and the object of this foundation has been to support charity, including in particular support grain processing and farming as well as further education of hard-working and skilled people, primarily within the fields of grain processing and farming.

Nielsen & Smith A/S will continue as an independent company focusing on crops and processing aids and the aim is further expansion and development of the company.