Norwegian consumer goods and chemical company Orkla has said it is acquiring Russian confectionery manufacturer SladCo for an undisclosed price.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


SladCo, which has around 4,000 employees, is expected to have estimated revenues of around US$160m in 2004. It operates in a number of confectionery market segments in Russia and has production facilities in Yekaterinburg (Ural) and Ulyanovsk (Volga).
 
“This investment is in line with Orkla’s strategic long-term commitment to expand in Russia and Ukraine. SladCo is successful in a very important category to Orkla and provides a platform for further development in the Russian market. By taking ownership in this company, we are positioning ourselves in a growing Russian market,” said Håkon Chr. Andersen, director of Orkla’s activities in Russia and Ukraine.


The acquisition is subject to approval by the Russian Federal Antimonopoly Commission.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now