Sector News

Orkla buys controlling stake in Danish chain Gorm’s Pizza

March 14, 2018
Consumer Packaged Goods

Orkla has bought a majority stake in Danish pizza chain Gorm’s as it continues its series of acquisitions.

Gorm’s Pizza, which was founded in 2003 by Gorm Wisweh, currently has seven restaurants in the Copenhagen area and operates a catering service.

Orkla, which also owns Norwegian pizza brand Grandiosa, has become a majority stakeholder with a 67% stake in Gorm’s.

Gorm’s Pizza CEO Anders Kjørup said the company has been looking for a partner which recognises its value and potential.

He said the best part of the deal is that a “mutual understanding” exists between Orkla and Gorm’s and that Gorm’s DNA will remain intact.

“Looking forward, we will continue to give our guests amazing experiences with renewed energy, utilising the great skills of both companies to get even better,” he added.

Last year Orkla Food Ingredients expanded its presence in Denmark with the acquisition of an 80% stake in sales and distribution company SR Food as it aims to bolster its organic and vegetarian foods offering.

Meanwhile in February it purchased Danish bakery and breakfast cereal manufacturer Struer Brød through its wholly-owned subsidiary Orkla Foods Sverige.

Source: FoodBev

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