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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By GlobalDatajust-food has this week published research into the factors that will drive M&A in the food industry from now and into 2018.
The full report will be available from just-food in mid-February. However, those who take out an annual subscription to just-food before 31 January 2016, at a 35% discount on standard pricing, will receive free copies of both ‘Drivers of Food Industry M&A’ and another recent report, ‘How Brands Can Win in Online Grocery’, which was written by Professor David Hughes, Emeritus Professor of Food Marketing at Imperial College London and Miguel Flavián. To take advantage of this offer click here.
