After a series of disposals in central Europe over the last nine years, Orkla has recently snapped up a food maker in the Czech Republic. ju...
Nordic food group Orkla is expanding its presence in central Europe through the acquisition of Czech Republic-based Hamé. The deal offers co...
Nordic group Orkla has replaced former CEO Åge Korsvold just two years after he took the helm. With reports of boardroom strife in the Norwegian press, at first glance one might question whether the news is a function of internal factionalism. On closer inspection, however, it would seem Orkla has moved to another phase in its drive to become a branded consumer goods powerhouse by bringing in FMCG veteran Peter Ruzicka. Katy Askew reports.
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. However, a look at just-food's M&A coverage this year shows there have been few big-ticket, transformational deals.
Orkla, the Norwegian conglomerate with interests in aluminium and finance as well as pizza and chocolate, wants to focus on consumer goods. This week, Orkla agreed to buy local food group Rieber & Son and, although analysts expressed misgivings at the price it paid, they believe it is a sensible move from the company. Dean Best reports.
Norwegian conglomerate Orkla has said plans to focus on brands are "on track" despite the unit delivering a drop in first-half profits today (20 July).
With a stable of leading brands in the Nordics, Orkla is a regional powerhouse. However, a lack of focus has resulted in a sluggish performance from its food business for a number of years. CEO Age Korsvold intends to reverse this trend and has set out an ambitious plan that he believes will drive top-line growth and improved profitability. Katy Askew found out more.
Norwegian conglomerate Orkla has decided to focus on its consumer goods business and is selling off non-core assets that span sectors from energy to finance. The company hopes this new-found clarity will enable it to bring vibrancy to its leading regional food brands. In part one of the just-food interview, Katy Askew spoke to chief executive Age Korsvold to find out more about the strategy.
Nordic food group Orkla has bought another business-to-business supplier, adding to its ingredients operations with the acquisition of a majority stake in UK firm Orchard Valley Foods.
Nordic food group Orkla has unveiled plans to invest in its domestic pizza manufacturing base, a move that will lead to the closure of a plant.
Orkla, one of the largest food groups operating in the Nordic region, has become the latest company to set up an in-house venture fund to back start-up businesses.
Nordic food group Orkla has signed an agreement to acquire Dutch ice cream industry supplier Laan Heiloo.
Orkla, the Nordic food maker, today (9 February) reported higher sales and earnings for 2016 despite seeing a slowdown in organic growth during the fourth quarter.
Food manufacturers in Norway have signed a pact with the country's government that sets "specific targets" for the reduction of sugar, salt and saturated fats in products in a bid to promote "healthier diets".
Orkla has announced plans to convert its Swedish canned fish brand, Abba, to MSC certified, sustainable and traceable tuna.
Nordic food group Orkla is expanding its business in China in cooperation with Alibaba, with the launch of its own e-commerce store on the e-commerce giant's Tmall platform.
Orkla today (1 November) booked higher third-quarter sales and profits, with much of the Nordic food group's top-line growth driven by recent acquisitions.
Orkla CEO Peter Ruzicka has said the Nordic consumer goods group wants to reduce the number of its factories to a level "very far" from the current 106 plants.
Norway-based Orkla has agreed a deal to buy a 70% stake in Broer Bakkerijgrondstoffen, a Dutch manufacturer of almond paste, bakery ingredients and ice cream powder.
MTR Foods, the Indian business owned by Nordic group Orkla, plans to increase the production capacity at its factory in Bangalore.
Orkla has announced it is no longer pressing forward with plans to restructure operations at its plants in Rygge in Norway.
Orkla booked higher first quarter earnings for its core consumer goods businesses, which it has been expanding through M&A.
Orkla Foods has said that it is likely to close two facilities based in Norway as it moves production to Sweden in order to maximise efficiency in its manufacturing base.
Orkla has suggested it plans to increase its presence in India, although the Nordic group was tight-lipped on local reports it was looking for companies to buy.
Orkla has acquired UK-based ice cream cone and wafer maker, The Waverley Bakery Ltd, for around GBP5.2m (US$7.3m).
Orkla has developed a line of meals aimed at what the Nordic group says is growing interest in Sweden for vegetarian food.
Orkla aims to fill what it believes to be a "gap" in the market with the launch of Paulúns Supermix in Sweden.
Nordic food group Orkla booked an increase in full-year sales and earnings despite currency fluctuations and "competitive markets".
Orkla is reviewing its manufacturing network with the company admitting it has "several" plants with similar technology and production across the Nordic and Baltic markets.
Orkla has extended its domestic nut snacks brand Polly into peanut butter.
Orkla, one of the largest consumer goods companies in the Nordic region, has added to its portfolio this week with an acquisition of a brand in the health sector.
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