The British competition authorities have approved Orkla's purchase of L.G. Harris & Co. Limited («Harris»). Completion of the agreement is expected to take place within 1-2 months.
In a press release of 3 May 2016, Orkla announced that it had entered into an agreement to acquire Harris, a leading supplier of Do-It-Yourself painting tools in the UK.
The approval of the British competition authorities on 28 July concludes the review of the agreement under competition law.
Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, the Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and has its head office in Oslo. In 2015, the Group had a turnover of NOK 33 billion, and 14,670 employees at year-end.
Oslo, 29 July 2016
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