FDBusiness.com

Orkla Buys Rieber & Son

 Breaking News
  • Greencore to Divest US Business in $1 Billion Deal Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave [...]...
  • The Macallan’s Pioneering New Distillery Installs Flowcrete UK Flooring The new distillery for luxury whisky brand The Macallan has installed a variety of Flowcrete UK floors to create surfaces that would reflect its visual identity and maintain the functional properties required to produce this iconic Scottish spirit. When Edrington, the international spirits group that owns The Macallan, decided to build a £140 million facility to meet increasing global [...]...
  • New Pearl Range Launched to Help Reduce Risk of Cross Contamination Single use glove specialist Unigloves has launched the brand new 15-glove Pearl Colour System nitrile gloves range, helping organisations across the food sector more effectively manage cross contamination risks. The expanded range, combines high quality food handling approved, AQL 1.5 medical grade, powder-free nitrile gloves available in a range of colour finishes – including those [...]...
  • Signed Sealed Delivered With the increased customer focus on postable items such as confectionery, drinks and gifts, UK plastic bottle manufacturers Measom Freer have developed their very own Post Bottle (Ref 6143). With a flat rectangular shape, the bottle can easily be boxed and posted through standard letterboxes, fitting the UK large letter dimensions. Made from clear PVC, which [...]...
  • Irish Distillers to Invest €150 Million in Sites in Cork and Dublin Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets [...]...

Orkla Buys Rieber & Son

Orkla Buys Rieber & Son
August 21
10:32 2012

Orkla has taken a significant step towards becoming a pure play branded consumer goods company by agreeing to acquire the family-owned Rieber & Son. The transaction values the entire company (on a debt-free basis) at NOK 6.1 billion (Eur831 million).

Rieber & Son is listed on the Oslo Stock Exchange, and is an important supplier to grocery stores in the Nordic countries, parts of Central Europe and Russia. Its well-known brands include Toro, Vitana, K-Salat, Delecta, Frodinge, Chaka and Bähncke. In 2011, its total sales amounted to about NOK4.3 billion. EBITDA came to NOK642 million in 2010 and NO 464 million in 2011. The company has a total of 2,900 employees, of whom 1,700 work outside of Norway.

“Together, Rieber & Son and Orkla will be the leading Nordic food manufacturer, with the expertise and resources to develop strong local products and brands in competition with international players,” comments Age Korsvold, chief executive of Orkla.

The Rieber family has owned the company since it was founded in 1839.Rieber & Son has a range of familiar brands and businesses: Toro is Norway’s leading supplier of sauces, soups and ready-made meals, and other products. Other famous Norwegian brands in Rieber & Søn’s portfolio include Denja, Mr Lee, Vossafar and Vestlandslefsa. Vitana is one of the CzechRepublic’s largest and most renowned food manufacturers. K-Salat has a good position in both Sweden and Denmark in mayonnaise, remoulade and salads. Delecta is one of Poland’s leading dessert and bake mix brands. Frodinge is the market leader in chilled and frozen cakes and desserts in Sweden. Chaka is a well-known Russian brand of nuts. Bähncke is the leading Danish mustard brand. In addition, Rieber & Søn supplies the food service sector in Norway, Sweden, Denmark, the Czech Republic and Slovakia.

“With this acquisition, Orkla expands its product portfolio and gains strong market positions in categories that are entirely new to us. Rieber & Son has created local food customs and defined the well-loved taste of a number of familiar products. The company has strong brands that are an optimal fit for Orkla’s product portfolio as regards categories, production technology and geography,” Age Korsvold elaborates.

Closing of the transaction is conditional upon receiving approval from the European Commission and Russian competition authorities. It is expected that closing of the transaction can take place by the end of Q1 2013.

CAPTION:

From left to right: Oystein Elgan, lawyer and director in Bjarne Rieber Gruppen, Fritz T Rieber, representantative of the Rieber family, chairman of Orkla Stein Erik Hagen og, and president and chief executive of Orkla Age Korsvold.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 18, 2018Future Food-Tech London - Marketing Partnership
  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements