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Orkla Expands in Ice Cream Ingredients and Accessories in Germany

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Orkla Expands in Ice Cream Ingredients and Accessories in Germany

Orkla Expands in Ice Cream Ingredients and Accessories in Germany
May 12
10:43 2017

Orkla Food Ingredients, the leading bakery ingredients player in the Nordic region, has purchased 100% of the shares in the German sales and distribution company Eis Ludwig Gräbner. With the acquisition of Eis Gräbner, Orkla Food Ingredients will strengthen its position as a supplier of ice cream ingredients and accessories.

Orkla Food Ingredients is one of Europe’s leading suppliers of ice cream ingredients and accessories, with a presence in the Nordic region, Germany, the Netherlands and the UK. With the acquisition of Eisunion in 2015, Orkla Food Ingredients established a strong market position in southern Germany. Eis Gräbner is based in northern Germany, and thus complements Eisunion’s geographical presence.

“The purchase of Eis Gräbner complements Orkla’s current position in the ice cream ingredients and accessories segment in Germany. The acquisition offers potential for expanding our product range, broadening our distribution and realising synergies with our present operations,” says Pål Eikeland, EVP and CEO of Orkla Food Ingredients.

Eis Gräbner is a privately owned company established in 1929 and has 18 employees. The company’s head office and warehouse are located in Hannover, Germany. In 2016, Eis Gräbner had a turnover of EUR 6.5 million (approx. NOK61 million). Several cost measures have been identified and will be implemented over the next two years.

The company will be consolidated into Orkla’s financial statements as of 1 May 2017. The parties have agreed not to disclose the purchase price.

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