Orkla Food Ingredients acquires 66% of Ekvia
Orkla Food Ingredients (OFI) acquires 66% of the shares in Ekvia, which has a leading position in sales and distribution of bakery ingredients in Slovakia.
Ekvia was founded in 1991 and offers a full range of bakery ingredients. The company has a strong market position, especially in the artisan bakery segment, with five warehouses strategically located in Slovakia.
The seller is the Kviatovsky family, who will be the owner of the remaining shares.
Ekvia has a turnover of approx. EUR 20 million and 49 employees. The head office is situated in Nitra, close to Bratislava. Ekvia will be part of the KåKå Group in OFI.
“This acquisition is in line with OFI’s growth strategy, and strengthens our market position in this region. Ekvia has a well-run organisation with strong and long-lasting supplier relations. We will strengthen our market competence and management resources in Slovakia. The Kviatovsky family will still play an active role in the company and be a valuable resource for further development of OFI,” says Thore Svensson, CEO of KåKå Group.
Thore Svensson will be the chairman of the board, while Emil Kviatovsky jr. will become the managing director of the company.