Orkla has announced its latest acquisition, bringing Danish bakery TC Brød into its portfolio.
The Norwegian company is acquiring the family-owned bakery for an undisclosed amount.
According to Orkla, this acquisition enhances its bakery segment in Denmark, building on its previous purchase of Easyfood in 2018.
The firm noted there is “limited overlap” with Easyfood, emphasizing that TC Brød will “expand the overall offering rather than duplicating existing products.”
Orkla stated, “It also provides immediate access to production capacity that can support future growth and enable Orkla Foods to offer a broader and more adaptable range of bakery products to customers.”
Specializing in laminated dough and seasonal bake-off items, TC Brød will collaborate closely with Easyfood on development and commercial initiatives, Orkla confirmed.
The bakery serves retail and foodservice customers throughout Denmark, supported by a workforce of around 30 individuals. TC Brød reported revenues of DKr116m ($18m) in 2025.
The transaction is anticipated to finalize in the second quarter of 2027, pending approval from Danish competition regulators.
Orkla’s operations in Denmark already encompass the pizza restaurant chain Gorm’s, Kavli’s Danish operations, and distributor SR Food.
Aku Vikström, CEO of Orkla Foods, remarked: “This acquisition reflects our focus on developing robust local platforms in categories where we already have clear positions. Bakery in Denmark is one of those areas, and TC Brød brings complementary capabilities that expand our offering and support further growth over time.”
On Friday, Orkla also completed a deal to acquire a 40% stake in the Dutch Asian sauces producer Go-Tan from its founding family.
Additionally, last month Orkla secured its acquisition of UK biscuit supplier Phoenix Brands.