C.W. Obel

Last updated
C.W. Obel
TypePrivate
IndustryProperty, private equity
Founded1787
Founder Christen Winther Obel
Headquarters,
Denmark
Area served
Denmark
Key people
Anders Obel (CEO)
Henning Kruse Petersen (Chairman)
Website www.cwobel.dk

C.W. Obel is a former Danish tobacco manufacturing company which now serves as an investment company fully owned by the foundation Det Obelske Familiefond. Its activities comprise real estate and private equity investments as well as partial ownership of Scandinavian Tobacco Company, Tivoli A/S and Fritz Hansen through Skandinavisk Holding A/S. [1]

Contents

C. W. Obel's factory in Aalborg C. W. Obels Tobaks- og Cigarfabrik.png
C. W. Obel's factory in Aalborg

History

The company was founded in 1787. On his mother's and stepfather's death in 1828, Christen Winther Obel took over the factory, changing its name to C.W. Obel. Under Obel's leadership, the factory became the city's main employer, a position it maintained for many years. [2] [3] [4]

In 1857, steam engines were introduced in the production and a production of cigars was set up. The factory was several times damaged by fires and a new factory was built on the outskirts of Aalborg in 1898. It was later expanded several times. In 1919, C.W. Obel opened a branch in Copenhagen.

In 1937, the company was converted into a family-owned stock company ( aktieselskab ) and the Copenhagen branch moved into newly acquired premises in Obels Gård at Vestergade No. 2. The Obelisk Family Fund (Det Obelske Familiefond) was established in 1956. In 1961, C.W. Obel merged with Chr. Augustinus Fabrikker and R. Færchs Fabrikker under the name Skandinavisk Tobakskompagni. In 1971, C.W. Obel A/S was listed on Copenhagen Stock Exchange but was delisted in 2001.

Company

The company is headquartered in Obels Gård at Vestergade 2 in Copenhagen.

C.W- Obel Ejendomme

In 1998, the real estate division was established under the name C.W. Obel Ejendomme A/S, a wholly subsidiary owned by C.W. Obel A/S. C.W. Obel Ejendomme owns a portfolio of approximately 50 properties in Copenhagen, Aalborg and Aarhus.[ citation needed ]

Skandinavisk Holding A/S

C.W. Obel owns 35% of Skandinavisk Holding which owns 51% of Scandinavian Tobacco Group, 100% of Fritz Hansen and 31% of Tivoli A/S. The foundation Augustinus Foundation (Augustinus Fonden) owns the remaining 65% of the company. [5]

Equity investments

(owned through DMP Partners A/S)

(owned through European Equity Partners)

C.W. Obel Foundation

The Obelisk Family Fund (Det Obelske Familiefond) was established in 1956. the foundation is based in Aalborg. It makes donations to philanthropic projects, especially in North Jutland, as well. It also supports members of the Obel family. [6]

Related Research Articles

<span class="mw-page-title-main">Aalborg</span> City in North Jutland Region, Denmark

Aalborg is Denmark's fourth largest town with a population of 119,862 in the town proper and an urban population of 143,598. As of 1 July 2022, the Municipality of Aalborg had a population of 221,082, making it the third most populous in the country after the municipalities of Copenhagen and Aarhus. Eurostat and OECD have used a definition for the Metropolitan area of Aalborg, which includes all municipalities in the Province of North Jutland, with a total population of 594,323 as of 1 July 2022.

<span class="mw-page-title-main">Janakananda Saraswati</span>

Swami Janakananda Saraswati is a tantric yoga and meditation teacher and a writer, who has had a significant influence in the dissemination of yoga and meditation in Scandinavia and Northern Europe. He is the oldest active sannyasin disciple of Satyananda Saraswati in Europe.

<span class="mw-page-title-main">Scandinavian Tobacco Group</span> Cigar manufacturer

Scandinavian Tobacco Group is a manufacturer of cigars and traditional pipe tobacco. The city company is headquartered in Copenhagen, Denmark, and is a publicly listed Company on NASDAQ Copenhagen.

<span class="mw-page-title-main">Arkitema Architects</span>

Arkitema Architects is a Danish architectural firm headquartered in Aarhus, with branch offices in Copenhagen, Malmö, Stockholm and Oslo. Arkitema Architects was founded in 1969 in Aarhus, and nowadays has about 400 employees with its main activity in Scandinavia.

<span class="mw-page-title-main">Heering House</span>

The Heering House is a Neoclassical house overlooking Christianshavn Canal in the Christianshavn neighbourhood of Copenhagen, Denmark. It takes its name after Peter Frederik Suhm Heering (1792-1875) who owned it from 1838 until his death in 1875 and it continued to serve as headquarters for his company, Peter Heering, until 1977. The building is now home to the Nordea Foundation and a museum dedicated to banks and saving banks, as well as six residences available to foreign researchers and specialists.

<span class="mw-page-title-main">Christen Winther Obel</span> Danish businessman

Christen Winther Obel (1800-1860) was a Danish businessman from the city of Aalborg.

Arnold Busck, named after founder Arnold Busck, is a family-owned Danish company with activities in book distribution and publishing. The Arnold Busck chain of bookstores is one of the largest Danish book retailers with 30 stores.

Nomeco, a wholly owned subsidiary of Phoenix Group, is the largest wholesaler of pharmaceutical products in Denmark. The company is headquartered in Copenhagen and is building a 20,000 square metre Nordic logistics centre in Køge which is expected to open in 2017.

<span class="mw-page-title-main">Jeudan</span>

Jeudan is the largest listed real estate company in Denmark. It is the largest private real estate investment company in the country and its activities also comprise property and facility management. The company is headquartered in Prince William Mansion in Copenhagen.

Augustinus Fonden is a Danish foundation based in Copenhagen, Denmark. It was created in 1942 by the owners of Chr. Augustinus Fabrikker, one of the three predecessor companies of Scandinavian Tobacco Group. Chr. Augustinus Fabrikker is now fully owned by the foundation and serves as a holding company of its investments.

<span class="mw-page-title-main">Vestergade</span>

Vestergade is a street in central Copenhagen, Denmark, linking Gammeltorv in the northeast with the City Hall Square in the southwest. The street defines the southern boundary of Copenhagen's Latin Quarter. Most of the buildings in the street date from the years after the Copenhagen Fire of 1795.

<span class="mw-page-title-main">Lemvigh-Müller</span>

Lemvigh-Müller is the largest wholesaler of steel and technical installations in Denmark, with over 400,000 different products in its range, +1,400 employees, and an annual turnover of 8.5 billion DKK.

<span class="mw-page-title-main">Chr. Augustinus Fabrikker</span>

Chr. Augustinus Fabrikker is a former Danish tobacco company which now serves as the investment company of the Augustinus Foundation.

<span class="mw-page-title-main">Vestergade 20</span>

Vestergade 20 is a Neoclassical property in the Latin Quarter of Copenhagen, Denmark. The building was operated as a guesthouse under the name Vinkanden and the name was later changed to Dannebrog. The current building was constructed after the Copenhagen Fire of 1795. It housed J. E. Felumb's piano factory from 1882. It was listed on the Danish registry of protected buildings and places in 1939.

<span class="mw-page-title-main">Obel House</span>

The Obel House is a Neoclassical property located at Vestergade 2 in the Latin Quarter of Copenhagen, Denmark. It was listed on the Danish registry of protected buildings and places in 1918.

<span class="mw-page-title-main">E. Nobel</span>

E. Nobel was a tobacco company based in Copenhagen, Denmark.

<span class="mw-page-title-main">Enigheden</span> Danish dairy products company

Mælkeriet Enigheden, usually referred to simply as Enigheden, was a cooperative dairy products company based in Copenhagen, Denmark. The existed from 1897 to 1996 and was from 1906 based at Lygten 39–41 in Nordvest. The Baroque Revival style main building from 1923 is now owned by C. W. Obel and the Lundbeck Foundation through a jointly owned investment company.

<span class="mw-page-title-main">Vestergade 5</span> Historic building in Copenhagen, Denmark

Vestergade 5 is a Neoclassical property in the Old Town of Copenhagen, Denmark. The building was constructed for the owner of the tobacco manufacturer Chr. Augustinus Fabrikker in 1797 and the company was until 1870 based in the complex. It was listed in the Danish registry of protected buildings and places in 1918.

<span class="mw-page-title-main">Bent Helweg-Møller</span> Danish architect (1883–1956)

Bent Helweg-Møller was a Danish architect. His works include the listed Villa Vendle in Tisvilde (1911) and Svane Apotek (1934) in Copenhagen as well as the Berlingske Building in Copenhagen and an extension of Odense City Hall in Odense. He has also renovated a number of historic properties, including the Niels Brock House and Heering House on Christianshavn and Klostergården on Amagertorv in Copenhagen.

References

  1. "CW Obel Ejendomme A/S". bloomberg.com. Retrieved October 1, 2019.
  2. "Christen Wither Obel". obel.com. Det Obelske Familiefond. Retrieved October 1, 2019.
  3. "Erhvervsdrivende, deres ansatte og andre personligheder". coneliand.dk. Retrieved 24 September 2015.
  4. "Christen Wither Obel". gravsted.dk. Retrieved October 1, 2019.
  5. Victor Andersen. "Augustinus Fonden". Den Store Danske, Gyldendal. Retrieved October 1, 2019.
  6. "Det Obelske Familiefond". obel.com. Retrieved October 1, 2019.