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 in its operation. “The closure does not affect Dragsbæk’s own production setup” Orkla said in …
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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 brands, and a good platform to continue growth in Nordic and Baltic countries. With the …
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 of around 120 employees with iconic brands such Sirius, Noa Konfekt, Noa Kropp, Noa Paskaegg, …
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 branded food players in India” and “have a platform for further growth in the spice …
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 to the Vestlandslefsa brand, the deal includes recipes, production equipment, and the Li-Klenning trademark. Paul …
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 of further developing a portfolio with a strong health profile. The deal will not include …
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% of the company’s turnover is generated in its domestic market, a growing percentage of its …
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 2018. Orkla said the aim of the sale was to “reduce portfolio complexity and concentrate …
Norwegian company Orkla has announced a 43.5% investment in Portuguese firm Asteriscos e Reticencias, a manufacturer of fermented tea-based health drinks under the brand Captain Kombucha, for an undisclosed sum. Captain Kombucha was established in 2016 and is currently majority owned by its two founders, with the German firm Doehler Ventures also having a 15% stake. Promoted as “a delicious naturally fermented drink, handcrafted to perfection”, it is also advertised …
Orkla has announced that it has disposed of its Mrs Cheng’s brand, selling the business to Continental Foods for an undisclosed sum. The Mrs Cheng’s brand, which has a product portfolio of soy sauces and Thai casserole bases in Sweden, became a part of Orkla through the acquisition of Rieber & Son in 2013 and had net sales of 23.5 million SEK ($2.56 million) in 2017. Commenting on the deal, Orkla …
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