Rieber & Søn

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2012: M&A revival but caution hinders big deals

There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A acti...

Orkla praised for Rieber deal despite high price

Orkla, the Norwegian conglomerate with interests in aluminium and finance as well as pizza and chocolate, wants to focus on consumer goods....

Dean Best | 20 Dec 2010

Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.

Chris Brook-Carter | 20 Dec 2010

There have been over 640 stories in just-food's M&A section since April this year covering everything from industry-changing mergers to bolt on acquisitions and brand disposals. This section to the briefing tracks the major moves through the year by looking at all the deals that were put under scrutiny in our insights section.

Dean Best | 26 May 2010

As each day goes by, there seems to be more evidence of the revived appetite of private equity for deals in the food sector.

Latest Interviews

Michelle Russell | 30 Oct 2009

Rieber & Søn, the Norway-based food group, is a business that stretches across the Nordic region, Eastern Europe and Russia. It is also a business that, in recent months, has offloaded a clutch of assets to focus on a tighter group of operations. Michelle Russell spoke to Rieber & Søn CEO Patrik Andersson on how he is looking to reshape the business amid the downturn.

Latest News

Katy Askew | 17 Jul 2014

Nordic consumer goods giant Orkla today (17 July) booked a 19% increase in second-quarter operating profit, boosted by savings from the integration of 2012 acquisition Rieber & Søn

Katy Askew | 27 May 2014

Nordic food group Orkla struck a deal to sell its Polish cake mixes and desserts business, Rieber Foods Polska ("Delecta"), to an investment fund managed by Innova Capital.

Katy Askew | 11 Feb 2014

Nordic consumer goods company Orkla has booked a drop in fourth-quarter operating profit, despite an improved top-line performance.

Katy Askew | 30 Oct 2013

Nordic food group Orkla has said third-quarter sales and profit growth was driven by its recent acquisition of Rieber & Son.

Dean Best | 29 Apr 2013

Wal-Mart, Kroger and Supervalu are among the US retailers presenting at a Barclays sector conference next week. The first-quarter results will continue to roll in, with Kellogg, Kraft Foods Group and Canadian retailer Loblaw part of a group of companies to publish numbers.

Michelle Russell | 4 Dec 2012

Norwegian food group Rieber & Søn has sold its "under-performing" crispy fried onions business in the Netherlands to local firm Top Taste Holding.

Michelle Russell | 25 Oct 2012

Norwegian food group Rieber & Søn has booked a drop in third-quarter profits, hit by one-off costs.

Dean Best | 24 Aug 2012

Europe's food sector saw its latest piece of consolidation this week with Orkla's bid to buy Nordic rival Rieber & Son. Elsewhere, US food group Hain Celestial continued its UK expansion with its deal to acquire brands from Premier Foods. Tesco grabbed the headlines with its U-turn on nutrition labels and we had a run of retail results from grocers including Ahold, Delhaize and Russia's X5 Retail Group.

Michelle Russell | 24 Aug 2012

M&A was certainly on the agenda this week as Norwegian conglomerate Orkla announced a deal to buy local food group Rieber & Søn. In addition, Hain Celestial purchased Premier Foods plc's spreads asset, and Greencore acquired the UK own-label chilled ready meals unit of Hain. Here is a selection of quotes from this week's news.

Dean Best | 20 Aug 2012

Orkla CEO Åge Korsvold today (20 August) defended Rieber & Søn's recent performance as the Norwegian conglomerate announced a deal to buy the local food group, which has had a challenging 18 months.

Dean Best | 20 Aug 2012

Norwegian conglomerate Orkla, which is reshaping its business to focus on consumer goods, is to buy local food group Rieber & Søn.

Dean Best | 12 Jul 2012

Norwegian food manufacturer Rieber & Søn today (12 July) reported lower half-year sales and profits, blaming low consumer confidence in Europe.

Katy Askew | 26 Apr 2012

Norwegian food group Rieber & Søn has reported mixed first-quarter results, with restructuring costs hitting its net and operating profit but EBITDA increasing.

Dean Best | 18 Apr 2012

Norwegian food group Rieber & Søn has snapped up United Pancakes, a company that manufactures batter for pancakes and waffles.

Michelle Russell | 16 Feb 2012

Norwegian food group Rieber & Søn is to acquire the Saritas ready-meal brand from local ethnic food firm Taste of India.

Dean Best | 7 Feb 2012

Frutarom is set to make its third acquisition of 2012 after signing a deal to buy Brazilian flavours firm Mylner.

Michelle Russell | 2 Feb 2012

Norwegian food group Rieber & Søn has posted a drop in full-year profits, hurt by a one-off cost related to job cuts during the year.

Michelle Russell | 2 Feb 2012

Norwegian food group Rieber & Søn has named supply chain director Frank Mohn as its new CEO.

Sam Webb | 23 Nov 2011

The CEO of Rieber & Søn has announced he will leave the Norway-based food maker because of family pressures, it was announced today (23 November).

Dean Best | 25 Oct 2011

Norwegian food manufacturer Rieber & Søn today (25 October) admitted that it was "very likely" the company would miss its profits targets this year after a fall in third-quarter earnings.

Sam Webb | 13 Sep 2011

Frutarom, the Israeli flavours and ingredients company, is set to buy US-based Flavor Systems International.

Petah Marian | 11 Aug 2011

Norwegian food group Rieber & Søn has reduced its full-year earnings forecast, pointing to "weak" sales in the first half of 2011.

Petah Marian | 16 Jun 2011

Norwegian food group Rieber & Søn is lowering its earnings per share target as the company has been hit by lower sales and higher commodity costs.

Dean Best | 26 May 2011

Norwegian food group Rieber & Søn is to buy local caker maker Lierne Bakery in a deal that could be worth up to NOK132.7m.

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