Orkla Food Ingredients acquires Sonneveld Group
Orkla Food Ingredients (OFI) acquires Sonneveld Group, which is market leader in bread improvers in the Benelux countries.
Sonneveld also has strong and growing positions in several European markets in both bread improvers and release agents to bakeries and the food industry.
The company was established in 1956. It has 140 employees, revenue of EUR 55 million and is based in Papendrecht in the Netherlands. Sonneveld Group has subsidiaries in Belgium, France, Germany, Hungary and Poland and also operates in the UK, Spain and in parts of Asia and the Middle East.
“It is a good strategic fit between OFI and Sonneveld. The company will strengthen our group, and add competence, formulation resources and application know-how in very important areas for the customers. Sonneveld Group represents a leading edge in important product areas like all type of bread improvers and release agents,” says Jørn Unneberg, CEO of OFI.
The takeover is subject to approval of Dutch Competition Authority.