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September 12, 2017

Orkla puts Candeco into majority-owned Orchard Valley Foods Group

Orkla has decided to combine Swedish ingredients subsidiary Candeco Confektyr with UK business Orchard Valley Foods Group, in which the Nordic FMCG giant owns a majority stake.

By Dean Best

Orkla has decided to combine Swedish ingredients subsidiary Candeco Confektyr with UK business Orchard Valley Foods Group, in which the Nordic FMCG giant owns a majority stake.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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Candeco, based in the Swedish city of Malmo, supplies decorations and inclusions to ice cream, bakery and chocolate manufacturers. 

Orchard Valley Foods, located in Worcestershire in central England, supplies food manufacturers, sells own-label home baking products to retailers and markets its Additions home baking brand to out-of-home customers. Orkla acquired a majority stake in Orchard Valley earlier this year.

Cherry Blumberg, Orchard Valley’s managing director, remains a shareholder in the UK firm. She said: “Orchard Valley has a track-record of 15 years consecutive growth in domestic and international markets. This move will bring some new momentum to the Malmo business.

“Orchard Valley and Candeco combined supply to over 40 counties and have a number of common major global accounts. [The] greatest opportunities [are] in APAC – particularly Australia/New Zealand – and North America, supplying to confectionery, ice cream and QSR, foodservice and retail home baking. The new group will be the basis for further expansion both organically and through acquisition, creating a world-class business into international markets [and] leveraging Orchard Valley’s outstanding growth and export distribution channels.”

The transaction, for which no financial details were released, does not change the shareholdings of Orchard Valley.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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