FDBusiness.com

Orkla Acquires Leading Norwegian Ingredients Supplier

 Breaking News
  • Müller Revolutionises the UK’s Favourite Yogurt Brands Müller is set to revolutionise the UK yogurt category with new and improved recipes for the nation’s two favourite yogurt brands, Müllerlight and Müller Corner[1]. The dairy company has also revealed details of its biggest ever marketing campaign. As the business continues to strengthen its core brands, and inspire people to live healthier and happier lifestyles, [...]...
  • Guardians of Grub Crusade to Beat Food Waste A bold new industry campaign has been launched to tackle nearly £3 billion worth of food that is wasted every year across the entire UK hospitality and food service sector, of which 75% could have been eaten. The Guardians of Grub campaign was developed by WRAP as part of its ambitious work to cut food [...]...
  • Olleco Awarded Royal Warrant ABP Renewables Division, Olleco, the UK’s leading supplier of cooking oils and collector of used cooking oils, has become the first dedicated circular economy company to be granted a Royal Warrant by Her Majesty The Queen. The Warrant recognises the company’s work to create a ‘closed loop’ solution for the Royal Household. Olleco supplies fresh, sustainable [...]...
  • Premier Foods Plans to Increase Investment in Capital Projects and Consumer Marketing Premier Foods has reported a 0.6% rise in revenue to £824.3 million for the 52 weeks ended 30 March 2019. Group trading profit at £128.5 million was up by 4.5% compared to the previous year and adjusted profit before tax rose by 12.1% to £88.0 million. However, due to GMP pensions recognition and impairment of [...]...
  • HKScan Plans to Strengthen its Financial Position HKScan, the Nordic meat and meals company, is planning a share issue of up to €60 million to secure its financial position and to strengthen its capital structure. The planned share issue is intended to provide a strong foundation for developing the company’s business portfolio and balancing its financial situation and for building future growth. The [...]...

Orkla Acquires Leading Norwegian Ingredients Supplier

Orkla Acquires Leading Norwegian Ingredients Supplier
October 30
09:30 2017

Orkla Food Ingredients is acquiring Arne B Corneliussen, a leading manufacturer and supplier to the Norwegian food industry. The company’s product portfolio consists of spices, marinades, flavourings, starter cultures and other functional ingredients, in addition to packaging solutions. Its customer market is Norwegian food manufacturers with the Norwegian meat industry as main segment.

Orkla Food Ingredients is the leading bakery ingredients player in the Nordic region, supplying products such as margarine and butter blends, yeast, bread and cake improvers and mixes, marzipan and ice cream ingredients. In acquiring Arne B. Corneliussen, the business area will expand its product range and customer base in Norway.

“This acquisition gives us access to a new growth platform in the food industry. The purchase of Arne B. Corneliussen also offers potential for synergies with our existing ingredients operations in Norway, in the form of a more strategic focus on the out-of-home sector as well as savings in areas such as purchasing and distribution,” says Pål Eikeland, Orkla EVP and CEO of Orkla Food Ingredients.

Arne B. Corneliussen, established in 1949, has been owned since 1995 by DAT-Schaub, a subsidiary of Danish Crown.

The agreement is subject to the approval of the Norwegian competition authorities.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements