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.
The acquisition, which is subject to the approval of competition officials in Denmark, would give Orkla the ownership of a range of Kavli-branded canned food products in the country, plus a clutch of drinks lines.
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“Our acquisition of O. Kavli represents an investment in the beverages category and an extension of our groceries portfolio,” Atle Vidar Nagel-Johansen, the CEO of the group’s Orkla Foods division, said.
O. Kavli generated sales of DKK170m in 2014. The company has 70 employees, working across an office in Hvidovre and a factory in Ringkøbing.
“We are pleased to have found a solid buyer for O. Kavli in Denmark, and are confident that Orkla Foods has the resources to contribute to a profitable growth of the company,” said Kavli Holding CEO Erik Volden.
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