Sector News

Orkla acquires Zeelandia Sweden to grow bakery ingredients offer

April 10, 2019
Food & Drink

Orkla has entered into an agreement to acquire Zeelandia Sweden, a supplier of margarine, vegetable oils and bakery ingredients.

The deal, which is being carried out through the Orkla Food Ingredients subsidiary, sees the business being bought from Dutch firm Koninklijke Zeelandia Groep.

Headquartered in Stenkullen, near Gothenburg, Zeelandia Sweden has most of its sales domestically and exports to Finland, the Baltics and Norway. Last year, it had a turnover of €22.9 million.

Following the transaction, the company’s name will be changed to Credin Sverige, becoming part of Orkla’s Credin Group. It is expected to be consolidated into Orkla’s financial statements in the second quarter of 2019.

Johan Clarin, CEO of Orkla Food Ingredients, said: “The acquisition of Zeelandia Sweden AB is strategically right for strengthening Orkla’s position and production capabilities in our Nordic home markets in categories with which Orkla Food Ingredients is very familiar. Their product portfolio makes a good fit with the Credin Group.”

In January, Orkla secured a deal to buy a 90% stake in Easyfood, a Danish producer of bread-based convenience products. Founded in 2000, Easyfood had a turnover of DKK 316.1 million ($48.7 million) in the 12 months to the end of October 2018 and employs 144 people.

Orkla announced a trio of acquisitions earlier this month to boost its portfolio of brands across Europe.

The company is buying a majority stake in Greek ingredients firm Stelios Kanakis Industrial and Commercial (Kanakis), alongside the purchase of Sweden’s Lecora and a minority investment in the owner of Portugal-based Captain Kombucha.

Next month, Orkla CEO Peter Ruzicka will step down from his role after more than five years in charge.

By Jules Scully

Source: FoodBev

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach