Orkla expands in ice cream ingredients and accessories
Through its wholly-owned subsidiary Idun Industri AS, Orkla Food Ingredients (OFI) has signed and closed an agreement to acquire 100% of the shares in the Netherlands sales and distribution company Laan Heiloo B.V ("Laan").
Laan is a leading supplier of ingredients and accessories to the ice cream market in the Netherlands. Orkla Food Ingredients has built up a strong position in the ready-to-use soft-serve ice cream mix and accessories category in the Netherlands, and the businesses are a good match.
"This acquisition is in line with Orkla's desire to grow in selected categories and markets where we see potential for further growth and synergies. We already hold a strong position in the Netherlands soft-serve ice cream market, and our purchase of Laan will also strengthen our foothold in the gelato segment," says Pål Eikeland, Orkla EVP and CEO of Orkla Food Ingredients.
Laan is a family-owned business located in Heiloo in the Netherlands, with a total of 15 employees. In 2016, the company had a turnover of EUR 5.8 million (approx. NOK 51 million).
Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its head office is in Oslo. In 2016, the Group had a turnover of approximately NOK 38 billion, and ca. 18,000 employees at year end.
About Orkla Food Ingredients
Orkla Food Ingredients is the leading bakery ingredients player in the Nordic region, in addition to holding growing market positions in selected countries in Europe. Its biggest product categories are margarine and butter blends, yeast, bread and cake improvers and mixes, marzipan and ice cream ingredients. Orkla Food Ingredients has sales and distribution companies in 22 countries, ensuring proximity to bakeries and other industrial customers.