Norwegian conglomerate Orkla, through its fully-owned subsidiary MTR Foods, has agreed to acquire a 67.8% stake in Indian spice manufacturer Eastern Condiments for INR 13.6 billion ($190 million). The deal will pave the way for the merger between MTR Foods and Eastern Condiments. Eastern Condiments manufactures a mix of non-vegetarian and vegetarian food products mainly […]
Danish marzipan producer Odense Marcipan, which is a part of Orkla Food Ingredients, will acquire cake manufacturer Frödinge from Swedish food company Orkla Foods Sverige, for an undisclosed price. According to Orkla, the parent firm of the parties said that the acquisition is being executed to build a strong platform for future development of Frödinge, […]
Norwegian conglomerate Orkla said that its subsidiary Orkla Foods Norge has agreed to sell its potato flatbread brand Vestlandslefsa to Skagerrak-Holding and its subsidiary Baxt Lierne for an undisclosed price. Orkla Foods Norge is selling the potato flatbread (lefse) business to optimize its portfolio and focus production at Stranda on pizza. Baxt Lierne supplies bakery […]
Food acquisition news : Norwegian conglomerate Orkla has purchased Danish bakery company Struer Brod for an undisclosed price through its wholly-owned subsidiary Orkla Foods Sverige. Orkla acquisition of Struer Brod is aimed at bolstering its production capacity in the breakfast segment. Struer Brod manufactures breakfast cereals and breadcrumbs with Orkla being its key customer. The […]
Food acquisition news : Norwegian conglomerate Orkla has agreed to acquire Agrimex, a frozen vegetable producer based in the Czech Republic, for an undisclosed price through its wholly-owned subsidiary Hame. The acquisition is to help Hame consolidate its place in the frozen vegetable category, stated Orkla. Hame is a branded food company with business in […]