Norwegian snack firm Dellia Group has announced that it is exploring “strategic alternatives” following expressions of interest from multiple buyers.
In a recent stock exchange announcement in Oslo, the producer of dried fruit snacks revealed that its board has selected Pareto Securities as a financial advisor to “evaluate strategic alternatives aimed at maximizing shareholder value, and to assist in preparing and executing any potential transactions resulting from this process.”
Dellia, which operates under the Sunshine Delights brand, indicated that the review would encompass a comprehensive array of strategic and financial options, including potential “sale of the company or its assets, a merger, a capital raise, and a strategic partnership.”
The significant interest from various parties prompted the board to determine that a structured process would best serve both the company and its shareholders, as noted in their filing.
The company also warned that there is no guarantee this review will culminate in a transaction, nor any assurance regarding the timing or terms of a possible agreement.
Dellia’s announcement comes on the heels of a financially prosperous period for the company, which supplies markets across Europe, including the UK, Denmark, France, and Germany, as well as in China.
In the first quarter of fiscal 2026, Dellia achieved revenues of Nkr214.4m ($21.9m), reflecting a remarkable 76.3% increase from the same quarter the previous year.
Leadership attributed this growth to expanding distribution channels, recent product launches, and enhanced brand visibility.
Operating profit for the quarter reached Nkr20.4m, a rise of 32.4% compared to the previous year.
In a May announcement regarding its performance, the group stated: “All operating segments had solid growth, with Nordics being the main contributor. The primary drivers for the growth were mainly improved distribution, store presence and in-store visibility, and increased units sold from both broader product portfolio and existing products.”
The net profit for this period saw an increase of 42%, totaling Nkr14.3m.
For the entirety of the 2025 financial year, Dellia recorded revenues of Nkr638.3m, up from Nkr266m in the prior year.
Operating profit for the full fiscal year rose to Nkr74.5m from Nkr12.6m, while net profit climbed to Nkr49.2m compared to Nkr6.8m.
In December, Dellia concluded an agreement to acquire Kirirom Food Production, its primary dried fruit supplier.
Founded in 2013, Kirirom secures its raw materials through a combination of its own farming, contract farming agreements, and purchases from cooperatives.