Orkla Expands Acquisition Strategy with Danish Bakery Purchase
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...
Tag : Orkla
Orkla Acquires Austrian Manufacturer of Margarines and Sauces, Senna
Orkla’s ingredients business unit has finalized an agreement to acquire Senna, an Austrian manufacturer of margarine, sauces, and dressings, from Vivatis Holding. The financial details...
Orkla to Shut Down Dragsbaek Pasta Plant in Denmark
Food giant Orkla is set to close one of its pasta factories in Denmark starting next year. According to the Nordic pasta manufacturer, the closure...
Mount Franklin Foods to Launch Swedish Candy Brand Bubs in the U.S.
Mount Franklin Foods has secured the rights to produce and distribute Orkla’s Swedish candy brand, Bubs, in the US. The US-based confectionery company announced on...
Orkla Divests Its Share in Functional Chewing Gum Brand Eace Gum
Nordic group Orkla has divested its 49% stake in the Danish functional chewing gum start-up, Eace Gum. Orkla made an initial investment in Eace Gum...
Orkla Considers IPO Opportunities for Its Indian Business Units
Orkla has announced its intention to pursue a public listing for its Indian operations, which encompass MTR Foods and Eastern Condiments. According to a spokesperson,...
Orkla Records Impairment Charge on Confectionery and Snack Products
Orkla has reported third-quarter write-downs exceeding NOK 600 million ($54.6 million), primarily associated with the group’s confectionery and snacks segment. Two years following the restructuring...
Orkla expands Bubs confectionery plant in Sweden through investment
Orkla, a Norway-based food maker, is investing Skr20m ($1.8m) to expand its Bubs confectionery factory in Sweden. The expansion of the Bubs factory in Jönköping...
Orkla ready to increase prices in response to rising costs
Orkla, a Norwegian food-to-hydro conglomerate, has announced its plan to increase prices this year in response to rising raw material costs, specifically cocoa, fish oils,...