Acquisitions

In Orkla’s annual report you will find companies acquired by Orkla in the past few years. Acquisitions announced in 2017 are described below.

May 2017: Acquisition of Riemann

Orkla Care has signed and closed an agreement to purchase 100% of the shares in the Danish company Riemann Holding A/S (“Riemann”). Riemann has an attractive position in the pharmacy channel and a presence in Orkla’s priority growth markets.

May 2017: Acquisition of SR Food A/S

Orkla Food Ingredients, through its partially owned subsidiary Dragsbæk A/S, has signed and carried out an agreement to purchase 80% of the shares of SR Food A/S (“SR Food”), the Danish sales and distribution company. With the acquisition of SR Food, Orkla is developing its platform for growth in organic and vegetarian foods, and in addition strengthening its position in fresh doughs.

May 2017: Acquisition of Eis Ludwig Gräbner GmbH

Orkla Food Ingredients has, through its wholly owned subsidiary Eisunion GmbH, signed and completed an agreement to purchase 100% of the shares in the German sales and distribution company Eis Ludwig Gräbner GmbH (“Eis Gräbner”). The purchase of Eis Gräbner complements Orkla’s current position in the ice cream ingredients and accessories segment in Germany.

April 2017: Acquisition of Orchard Valley Foods Limited

Through its wholly-owned subsidiary NIC Enterprises Limited, Orkla Food Ingredients has signed and completed an agreement to purchase 85% of the shares in the British sales and distribution company Orchard Valley Foods Limited (“Orchard Valley”). The acquisition of Orchard Valley complements Orkla’s current position in the UK ice cream ingredients and accessories segment.

All business combinations from 2017 and 2016:

Note 5 Divestments and acquisitions – Orkla Annual Report 2017