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.
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.
Nordic food group Orkla has struck a deal to buy O. Kavli A/S, the Danish unit of fellow Norwegian food and drinks group Kavli Holding AS.
Orkla has announced it is selling its weight management brand Allevo to pharmaceutical company Karo Bio.
This week Fonterra announced it was selling its yoghurt and dairy business in Australia to Parmalat, Chinese fruit groups Golden Wing Mau and Joyvio announced a merger and UK meat group Dunbia confirmed it was mulling options for the business. Belgium's Lotus Bakeries bought UK snacks group Urban Fresh Foods, its second deal in the country in four months and, looking to next year, we analysed the prospects for the BRIC markets in 2016. Here is the week in quotes.
Orkla has snapped up a majority stake in two Netherlands-based ice cream suppliers to the foodservice sector.
Nordic food group Orkla is expanding its operations in central Europe with the EUR175m (US$191.7m) acquisition of Hamé, a branded consumer goods company with "leading" market positions in the region.
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.
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth