NORWAY: Orkla operating profit jumps on efficiencies
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
Rieber & Søn
POLAND: Orkla sells Polish baking mix, dessert business
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.
NORWAY: Orkla Q4 earnings slip despite sales gain
Nordic consumer goods company Orkla has booked a drop in fourth-quarter operating profit, despite an improved top-line performance.
NORWAY: Rieber acquisition drives Orkla Q3 growth
Nordic food group Orkla has said third-quarter sales and profit growth was driven by its recent acquisition of Rieber & Son.
The week ahead – US retail conference; Kellogg, Kraft Q1s
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.
just-food review of 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 activity rebounded in the food sector this year. Data for…
NORWAY: Rieber & Søn sells fried onion unit to Top Taste
Norwegian food group Rieber & Søn has sold its "under-performing" crispy fried onions business in the Netherlands to local firm Top Taste Holding. Rieber said today (4 December) the move…
NORWAY: Costs hit Rieber & Søn Q3 profit
Norwegian food group Rieber & Søn has booked a drop in third-quarter profits, hit by one-off costs. In the three months to the end of September, net profit fell 22.8%…
Editor’s choice: the highlights on just-food this week
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…
Quote, unquote: just-food’s week in words
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…
In the spotlight: 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. This week, Orkla agreed to buy local food…
