Orkla Food Ingredients has entered into an agreement to purchase the Swiss company Hans Kaspar, thereby strengthening its position in confectionery and ice cream ingredients.
“Hans Kaspar offers high-quality, specialty ingredients based on natural raw materials, adapted to modern consumer trends. As a well-established company, with a long history, Hans Kaspar has customer relationships with sev
Orkla is one of the first companies to commit to the EU’s sustainability objectives for the food industry.
In launching the EU Code of Conduct on Responsible Food Business and Marketing Practices, the European Commission is setting ambitious, clear objectives for ways in which the food sector is to contribute to achieving sustainable food systems. Companies in the European food industry are cal
BaKo AS has signed and completed an agreement to purchase the company Sigurd Ecklund AS. The company supplies a wide range of products to Norwegian confectioners, bakeries, restaurants and hotels.
BaKo AS, a company under Orkla Food Ingredients, has entered into an agreement to purchase 100 per cent of the shares in Sigurd Ecklund.
Sigurd Ecklund is a well-established supplier of products i
Orkla has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands.
Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million. Chain sales have increased by approx. 12 % p.a. since 2008, driven by like-for-
Orkla Health has completed its purchase of 100 per cent of the shares in NutraQ 2 AS (NutraQ), a leading supplier of subscription-based health and wellness products in the Nordic region. The acquisition has now been approved by all relevant competition authorities.
With its subscription-based business model, NutraQ represents a new business approach for Orkla.
“This acquisition will offer Or
Orkla makes minority investment in biotechnology company Because, Animals. This venture company is the only one in the world that has developed pet food of animal origin that is not based on the slaughter of animals. The target group for the company’s products are dogs and cats.
Because, Animals was co-founded by Shannon Falconer, PhD, and Joshua Errett, MBA, who both volunteered at the same ca
Orkla ASA has entered into an agreement to purchase the Icelandic company Nói-Siríus HF (“Nói Siríus”), which is the leading manufacturer of chocolate and confectionery in Iceland.
Nói Siríus is well-known for its iconic chocolate brands Síríus, Nóa Konfekt, Nóa Kropp, Nóa Páskaegg and Konsum.
“Nói Siríus holds a unique position in Iceland and is a good fit with Orkla’s portfolio of leading
Orkla’s goal is to become one of Europe’s leading competitors in the alternative proteins space before 2030. That is why the Group is now establishing Orkla Alternative Proteins (OAP) as a separate business unit.
“We are just at the beginning of a massive shift towards alternative protein sources. For Orkla, alternative proteins is an important priority area that offers major growth opportunit
Orkla’s operating profit (EBIT adj.) increased by 13.5% to NOK 1,297 million in the first quarter. Operating profit for Branded Consumer Goods, including Headquarters, rose by 9.5%.
Group operating revenues amounted to NOK 11,503 million, on a par with the first quarter of 2020. Organic growth for Branded Consumer Goods was 0.5%, compared with a very good first quarter last year.
“The start
Orkla’s Annual and Sustainability Report for 2020 has now been published.
Orkla increased operating revenues by 5.0% to NOK 12,622 million in the fourth quarter. Operating profit (EBIT adj.) amounted to NOK 1,573 million, an improvement of 3.8%.
For the full year, Orkla increased operating revenues by 8.1% to NOK 47,137 million. Operating profit (EBIT adj.) showed a rise of 7.9% in 2020, totalling NOK 5,492 million. At year end, the Group had 18,110 employees an
Orkla is listed in the Corporate Knights Global 100 index of the world’s most sustainable companies, which was presented at the World Economic Forum on 25 January.
The index is a ranking of the 100 most sustainable companies in the world, based on an analysis of a total of 8,080 companies. Orkla is one of two Norwegian companies on the list.
“We are proud and pleased that Orkla is one of tw