Orkla Foods Danmark has entered into an agreement with Stryhns A/S to sell its K-Salat line as it aims to concentrate on fewer categories.
The agreement concerns the 100% divestment of K-Salat, which has a product portfolio of salad spreads, mayonnaise, remoulade, dressings and potato salads in Denmark.
As part of the deal, Danish company Stryhns A/S will take over the K-Salat factory in Havnsø, Vestsjælland, which has 100 employees.
K-Salat was founded in 1937 under the name Københavns Salatfabrik. The business was later moved to Havnsø, and its name was changed to K-Salat.
CEO of Orkla Foods Danmark Tino Bendix said: “We are glad to be able to sell K-Salat to Stryhns, which has the strong competence necessary to further develop the business.
“From now on, Orkla Foods Danmark will concentrate its core assortment on the well-known brands Beauvais, Den Gamle Fabrik, Glyngøre, Bähncke, Fun, Grønnegården and Risifrutti.”
The transaction is expected to be completed in early December 2017, and the entity will be consolidated into the buyer’s financial statements from 1 December 2017.
Last month Orkla expanded in the ingredients segment with the acquisition of Norwegian company Arne B. Corneliussen from Danish Crown.
In March, it acquired the Dutch ice cream ingredients and accessories company Laan Heiloo for an undisclosed sum.
Cargill will appoint Brian Sikes as its president and chief executive officer on 1 January 2023. The soon-to-be CEO, currently holding the chief operating officer title, has worked at Cargill for 31 years. Dave MacLennan, who has served as Cargill’s CEO since 2013, will assume the role of executive chair of the company’s board of directors.
Comforting colors, feel-good flavors, and unique food and beverage experiences will resonate most with consumers in the new year, according to ADM’s latest Flavor and Color Outlook. ADM anticipates that 2023 will be the year of self-expression, and the company identified four trends that are sure to stand out.
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a year. The paper-based capsules are touted as a breakthrough in packaging technology after three years of R&D.