Credin Poland acquires Eurohansa Toruń

Credin Polska sp. z o.o. (“Credin Poland”) through its subsidiary Credin Polska Development sp. z o.o. has signed an agreement to acquire the Eurohansa brand name and all assets and operations relating to the Toruń site (together “Eurohansa Toruń”) from the current owner.

Eurohansa owns two independently operated sites in the cities of Toruń and Pulawy in Poland. Credin Poland will acquire all assets and operations of the Toruń site, while ownership of the Pulawy site will remain unchanged.

Eurohansa Toruń has 89 employees and specialises in producing fruit fillings and preparations for industrial customers in the dairy, chocolate and bakery segments. The company has experienced robust growth in recent years and generated revenues of PLN ~60 million (NOK ~150 million) in 2023.

Credin Poland was established in 1995. It is a part of Credin Group and a subsidiary of Orkla Food Ingredients (“OFI”). Since its establishment, Credin Poland has developed a solid position in the Polish market, primarily through own production of bakery ingredients. The acquisition of Eurohansa Toruń will strengthen Credin Poland’s capabilities within fruit fillings and preparations.

“Eurohansa Toruń has over the years established themselves as a leading production platform of fruit fillings with strong product competence. This acquisition will complement our existing production of dry products and thus strengthen the offering towards our customers,” says Credin Poland CEO, Alina Niewelt.

“I am very happy that Credin Poland is set to become the new owner of Eurohansa Toruń. Their ambition of investing further in the business has assured me that this is the best future home for the almost 100 employees working at our Toruń site,” says Eurohansa CEO, Bożena Czogała.

The parties have agreed to keep the purchase price confidential. Completion of the transaction is subject to certain conditions such as approval from relevant competition authorities and the transaction is expected to be completed in early 2025.

About OFI
OFI supplies ingredients to a broad range of customers in the bakery, ice cream and plant-based markets, and has a leading position in Europe and a platform for growth in the USA. Important sales channels include industrial manufacturers that chiefly manufacture and supply products to the grocery channel, the Out of Home channel, for example through artisanal bakeries and ice cream kiosks, and direct sales to consumers. The biggest product categories are bread and cake improvers and mixes, yeast, marzipan, ice cream ingredients and margarine and butter blends.

About Credin Poland
Credin Poland is part of Credin Group, which have multiple production plants across Europe, including in Denmark, Portugal, Sweden and Poland. Credin has been operating in the Polish market since 1995, at which Credin Poland was established. Since their foundation almost 30 years ago, Credin Poland has developed expertise in crafting innovative concepts, ranging from bread concentrates and baking agents to custard powders and cake mixes. Credin Poland operates from a production facility in Sobótka with a team of 140 employees.