Sector News

Orkla expands in Denmark with SR Food acquisition

May 16, 2017
Food & Drink

Orkla Food Ingredients, through its partially owned subsidiary Dragsbæk A/S, has signed and carried out an agreement to purchase 80% of the shares of SR Food A/S (“SR Food”), the Danish sales and distribution company.

With its purchase of SR Food, Orkla Food Ingredients seeks to further develop its position as a supplier of organic and vegetarian foods.

SR Food has a broad product range which includes fresh doughs, tapas and sliced meats for the Nordic market. The share of organic and vegetarian products in its portfolio is on the rise. SR Food and Orkla Food Ingredients complement each other well. With its Naturli’ brand and the newly launched Funky Fields, Orkla Food Ingredients has staked out a clear position in the organic and vegetarian food market.

“With the acquisition of SR Food, Orkla is developing its platform for growth in organic and vegetarian foods, and in addition strengthening its position in fresh doughs. SR Food and Orkla Food Ingredients share many customers, so it will be possible to broaden distribution and expand product range. The acquisition also creates a potential for synergies between the businesses,” says Pål Eikeland, Executive Vice President and CEO of Orkla Food Ingredients.

SR Food is a privately owned company established in 2003 and has six employees. Shareholder Jan Hørby leads the company, and will continue as CEO after the transaction. The company’s headquarters are located in Randers, Denmark. In 2016, SR Food’s EBIT came to DKK 11.3 million (approximately NOK 14 million).

The company is consolidated on an accounting basis from 1 May 2017. The parties have agreed not to disclose the purchase price.

Source: Orkla

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.