Orkla

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 basis. Orkla reported that the deal will provide the production capacity needed to support the …

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 Dutch business founded 72 years ago, operates within the fast-growing Asian sauces segment. The firm …

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, …

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 …