FDBusiness.com

Orkla’s Acquisition of Rieber & Son Approved

 Breaking News
  • Royal A-Ware and Glanbia Ireland to Build New €140 Million Continental Cheese Facility Royal A-ware, a leading global cheese and dairy producer in The Netherlands, and Glanbia Ireland, Ireland’s largest dairy processor, plan to enter a strategic partnership that proposes to build a new continental cheese manufacturing facility in Belview, County Kilkenny, Ireland. It is proposed that a total of €140 million will be invested in this best-in-class [...]...
  • Pladis Appoints Global CEO Pladis, one of the world’s leading snacking companies, has appointed A Salman Amin as global CEO. He will take over the leadership officially in February. With a strong reputation in the food and drink sector, Salman Amin takes up the role after a highly successful international career spanning 30 years and three continents. Most recently, he [...]...
  • ADM Adds New Line of Specialty Tapioca Starches For the EMEA Region Archer Daniels Midland Company has announced a long term partnership with General Starch Limited (GSL), a leading tapioca starch producer located in Thailand. ADM will have exclusive distribution rights of the GSL modified tapioca starch products in the majority of the European countries, as well as in the Middle East and Africa. This range of [...]...
  • Louis Dreyfus Company to Exit Dairy Louis Dreyfus Company, a leading international merchant and processor of agricultural goods, has announced its decision to exit its dairy business by mid-2019. The move is in line with the company’s strategy over the past three years to exit non-core areas and refocus on its core businesses, including investments in origination markets and expansion along [...]...
  • Lucozade Ribena Suntory to Invest £13 Million in UK Factory Japan-based Suntory Beverage & Food is investing £13 million in its UK-based subsidiary Lucozade Ribena Suntory to install a new, high-speed bottle filler at its factory in Coleford, Gloucestershire. The new filler will produce 1.3 million bottles a day and will be instrumental in increasing productivity and efficiency at the Lucozade Ribena Suntory factory. The investment [...]...

Orkla’s Acquisition of Rieber & Son Approved

Orkla’s Acquisition of Rieber & Son Approved
April 23
13:48 2013

The Norwegian Competition Authority has approved Orkla’s NOK6.1 billion (Eur800 million) purchase of Rieber & Son. The deal gives Orkla ownership of such well-known brands as Toro, Vitana, K-Salat, Delecta, Frodinge, Chaka and Bähncke.

“With this acquisition we are strengthening our position as the leading Nordic branded consumer goods company for food and beverages. Rieber & Søn has strong brands that are an optimal match for Orkla’s product portfolio in terms of categories, production technology and geography,” says Orkla president and chief executive Age Korsvold (pictured). 

Rieber & Son has a number of well-known brands and businesses. Toro is Norway’s leading supplier of sauces, soups and ready meals, among other things. Other popular Norwegian brands are Denja, Mr Lee, Vossafar and Vestlandslefsa. Vitana is one of the Czech Republic’s largest and longest-established food manufacturers. K-Salat is well-positioned in both Sweden and Denmark in the mayonnaise, remoulade and salad markets. Delecta is one of Poland’s leading dessert and baking mix brands. Frodinge is market leader for refrigerated and frozen cakes and desserts in Sweden. Chaka is a well-known Russian brand of nuts. Bähncke holds the leading position in the Danish mustard market. In addition, Rieber & Søn is a supplier to the out-of-home sector in Norway, Sweden, Denmark, the Czech Republic and Slovakia.

Rieber & Son had total sales of NOK 4.16 billion in 2012, of which 70% were generated in the Nordic region. The group has around 2,600 employees, of whom 1,600 work outside Norway.

When the transaction has been completed, the integration of Rieber & Son into Orkla will begin. The plan is to merge Rieber & Son Norge with Stabburet, and Rieber & Son Danmark with Beauvais Foods, and to integrate Frodinge in Sweden into the merged Abba Seafood and Procordia.

“We intend to create a driving force in the Nordic food industry, with the competence and resources to develop strong local products and brands in competition with international companies. We aim to have a prominent presence in the various markets, and to offer food products that are adapted to local consumer preferences,” says Age Korsvold.

In the markets outside the Nordic region – the Czech Republic, Poland, Russia and Slovakia – the companies in Rieber & Son will continue to operate as independent entities.

In addition to its Nordic activities, Orkla holds several strong positions in India, Russia and Austria. Moreover, Orkla Food Ingredients is a major supplier to the European bakery market.

As well as its branded consumer goods business, Orkla operates in the real estate, hydropower and aluminium sectors and has financial investments. Orkla employs around 28,000 people, of whom some 14,000 are employed in its branded consumer goods business, and had total turnover of around NOK30 billion (Eur3.9 billion) in 2012.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements