Image - 3 October 2022

Denali Ingredients

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Topics

Food, Drink

Contacts

Joachim Gresslien

Press contact Vice President Financial Communication Orkla ASA joachim.gresslien@orkla.no +47 907 25 018

Dag Olav Stokken

Press contact SVP Communication Orkla Foods Europe/Orkla Foods Norge dag.olav.stokken@orkla.no +4791665078

Bettina Johnsen

Press contact Communication Manager Pierre Robert Group bettina.johnsen@pierrerobert.no +4748608934

Kristoffer Barbøl Vikebak

Press contact Communication Manager Orkla Foods Norge/Orkla Foods Europe kristoffer.vikebak@orkla.no +47 45 51 72 72

Orkla invests in US ice cream ingredients and announces intention to seek a partner to further accelerate growth of its ingredients business

Orkla Food Ingredients (“OFI”) has entered into an agreement to purchase 84% of the shares in Denali Ingredients, which is a leading ice cream ingredients business in the USA. The purchase price on a 100% and cash and debt free basis is USD 200 million, equivalent to NOK ~2.2 billion.
Denali Ingredients has seen strong organic growth of more than 10% p.a. over the past 15 years. The company is