Netherlands: Orkla Snacks to acquire The European Candy Group
Orkla Snacks, the confectionery, biscuits and salty snacks business unit of Orkla, has agreed to acquire 100% of the shares in vegan sugar confectionery producer The European Candy Group, also known as CCI. The transaction values the Dutch private-label confectionery manufacturer at an enterprise value of €207 million ($225 million) on a cash- and debt-free […]
Netherlands: Orkla Foods acquires 40% stake in Go-Tan Group
Orkla Foods, the European food company, has signed an agreement to acquire a 40% ownership stake in Go-Tan, a leading European brand within Asian sauces. The transaction is structured as a long-term partnership with the founding family, who will remain majority owners and continue to play an active role in the business. Go-Tan, a family-owned […]
Denmark: Orkla to close Dragsbaek pasta factory
Orkla, the Scandinavian consumer goods giant, has announced plans to close its Skovlund pasta plant, which currently produces goods for the Dragsbaek brand. In a statement, the company said it intends to move production to a different location. The Skovlund plant has been under Orkla’s ownership and management in recent years, and Dragsbaek has played no role […]
Sweden: Orkla to acquire Swedish confectionery company Bubs Godis
Orkla Confectionery & Snacks has acquired confectionery company Bubs Godis. Founded in 1992, Bubs Godis is a manufacturer of vegan sugar confectionery with a strong growth on the Nordick market. According to Patrick Axzell, CEO at Orkla Confectionery & Snacks Sweden the acquisition is aligned with strategic investment of the company in confectionery and sustainable […]
Norway: Orkla to acquire Icelandic company Noi-Sirius
Scandinavian consumer goods giant, Orkla, has announced the full acquisition of the Icelandic chocolate and confectionery company Noi-Sirius for an undisclosed sum. In 2019, Orkla acquired a 20% minority stake in Noi-Sirius and now Orkla has agreed to acquire the remaining shares in the company. Noi-Sirius is a chocolate and confectionery manufacturer with a workforce […]
India: Orkla to acquire majority stake in Eastern Condiments
Scandinavian consumer goods giant Orkla has announced the acquisition of a majority stake in India spice exporter Eastern Condiments for an undisclosed sum. Founded in 1983, Eastern Condiments Private has seven production facilities, with a workforce of around 3,000. Orkla said it would use the acquisition to “grow its position as one of the leading […]
Norway: Orkla to sell Vestlandslefsa brand to Baxt Lierne
Orkla, the Scandinavian consumer goods giant, has announced the sale of Vestlandslefsa, its potato flatbread brand to Baxt Lierne a Norwegian bakery company subsidiary of Skagerrak-Holding AS. According to sources, this sale is part of Orkla’s plans to restructure its portfolio and focus on its pizza production at its factory in Stranda, Norway. In addition […]
Norway: Orkla to acquire PepsiCo’s Havrefras Brand
Orkla, the Scandinavian consumer goods giant, has announced the acquisition of Havrefras Brand, a breakfast cereal brand from PepsiCo, for an undisclosed sum. Created in 1959, Havrefras brand has been part of PepsiCo’s portfolio since the acquisition of The Quaker Oats Company in 2001. According to sources, this acquisition is in line with Orkla’s strategy […]
Norway: Orkla takes stake in Noi Sirius
Orkla, the Scandinavian consumer goods giant, has announced it has signed an agreement to take a 20% stake in Noi-Sirius, described as Iceland’s leading chocolate and confectionery manufacturer. Established in 1920 and with about 150 employees, Noi Sirius markets chocolate brands such as Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg and Konsum. While over 70% […]
Denmark: Orkla sells Glyngore brand to Amanda Seafoods
Orkla, a leading supplier of branded consumer goods in Scandinavia, is selling its Glyngore canned fish business to Amanda Seafoods via its Danish subsidiary Orkla Foods Danmark for an undisclosed sum. Established in 1940, Glyngore is described as Denmark’s best-known herring and tuna brand and had net sales totalling 43 million DKK ($6.5 million) in […]