Sector News

Orkla Foods Ingredients acquires frozen vegetable producer

November 21, 2017
Consumer Packaged Goods

Orkla Foods Ingredients has announced the acquisition of Agrimex, a leading frozen vegetable producer in the Czech Republic, through its subsidiary Hamé.

It’s believed that with the acquisition Agrimex, Hamé, a food company based in the Czech Republic and Slovakia, specialising in liver paté, ready meals, ketchup, jam, and tinned vegetables, will strengthen its position in the frozen vegetable category.

Orkla executive vice president and chief executive officer at Orkla Foods said: “Agrimex and Hamé are a good fit. We are market leader in several categories in the Czech Republic and Slovakia, and by purchasing Agrimex we will also acquire a solid foothold in frozen vegetables. Furthermore, we are strengthening our position in the out-of-home sector since more than one fourth of Agrimex’s sales are made through this channel.”

Agrimex has a production plant in Panenské Břežany, north of Prague. Raw materials are supplied by local Czech farmers in the factory’s vicinity. The products are sold under the Dione, Dione Premium and Agrimex Foodservice brands.

Both parties have agreed not to disclose the purchase price.

By Darren Woodon

Source: FoodBev.com

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