Sector News

Orkla expands in ice cream ingredients and accessories in Germany

May 8, 2017
Food & Drink

Orkla Food Ingredients has, through its wholly owned subsidiary Eisunion GmbH, signed and completed an agreement to purchase 100% of the shares in the German sales and distribution company Eis Ludwig Gräbner GmbH (“Eis Gräbner”).

With the acquisition of Eis Gräbner, Orkla Food Ingredients will strengthen its position as a supplier of ice cream ingredients and accessories.

Orkla Food Ingredients is one of Europe’s leading suppliers of ice cream ingredients and accessories, with a presence in the Nordic region, Germany, the Netherlands and the UK. With the acquisition of Eisunion GmbH in 2015, Orkla Food Ingredients established a strong market position in southern Germany. Eis Gräbner is based in northern Germany, and thus complements Eisunion’s geographical presence.

“The purchase of Eis Gräbner complements Orkla’s current position in the ice cream ingredients and accessories segment in Germany. The acquisition offers potential for expanding our product range, broadening our distribution and realising synergies with our present operations,” says Pål Eikeland, Orkla EVP and CEO of Orkla Food Ingredients.

Eis Gräbner is a privately owned company established in 1929 and has 18 employees. The company’s head office and warehouse are located in Hannover, Germany. In 2016, Eis Gräbner had a turnover of EUR 6.5 million (approx. NOK 61 million). Several cost measures have been identified and will be implemented over the next two years.

The company will be consolidated into Orkla’s financial statements as of 1 May 2017. The parties have agreed not to disclose the purchase price.

Source: Orkla

comments closed

Related News

October 1, 2023

Paine Schwartz Partners closes $1.7 billion fund

Food & Drink

Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.

October 1, 2023

Vitafoods Europe to move to Barcelona from 2025

Food & Drink

After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.

October 1, 2023

Low sugar, plant-based and locally flavored mooncakes shine as China celebrates Mid-Autumn Festival

Food & Drink

The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.

How can we help you?

We're easy to reach