Sector News

Orkla Sells Orkla Brands Russia

December 1, 2014
Food & Drink
Orkla has entered into an agreement to sell OJSC Orkla Brands Russia to Slavyanka-Lyuks JSC, a member of the Russian confectionery group Slavyanka. Under the agreement, Orkla will divest 100 per cent of its shares in Orkla Brands Russia.
 
Orkla Brands Russia is an established confectionery producer in Russia, with iconic local brands such as Krupskaya, SladCo and Pekar. The company was established in February 2011 through the merger of SladCo and Krupskaya, which have been part of Orkla since 2005 and 2006, respectively. Orkla Brands Russia has production plants in Peterhof outside St Petersburg, Yekaterinburg and Ulyanovsk. In 2013, the company’s net sales totalled RUB 6,114 million (NOK 1,129 million). As of year end 2013, the company had 2,225 employees.
 
Orkla communicated in Q1 2014 that a structural sales process had been initiated.
 
“Orkla has executed a comprehensive restructuring in Orkla Brands Russia over the last couple of years. The company is now well positioned for the future, but we believe that other owners are better positioned to further develop and support the company’s operations,” says Peter A Ruzicka, president and CEO of Orkla ASA.
 
The agreement is subject to approval by the Russian competition authorities.
 
Orkla’s Russian branded nuts company, Chaka, and separate real estate assets in St. Petersburg and Yekaterinburg are not part of this transaction. Separate sales processes have been commenced for the real estate assets.
 

comments closed

Related News

October 10, 2021

Tetra Pak and Poka combat food production waste with digital tools and training

Food & Drink

Tetra Pak is embarking on a new strategic collaboration with connected factory worker platform Poka to accelerate zero waste processes in food manufacturing plants. By reducing downtimes, Tetra Pak aims to contribute to the UN Sustainable Development Goal 12: Responsible consumption and production.

October 10, 2021

Ripe for change? Spanish Royal Decree targets plastic fruit & veg ban as industry decries food waste risks

Food & Drink

Stipulated in a Royal Decree on packaging and waste, the measures will also seek to restrict the use of plastic bottles for water, according to sources revealed by national news organization El País. If ratified, the rulings will impact small retailers and supermarkets alike.

October 10, 2021

Asahi names PepsiCo’s Danny Celoni as next Carlton & United Breweries CEO

Food & Drink

Celoni will join Asahi Beverages from PepsiCo, where he is CEO of the company’s Australia, New Zealand and South Pacific business. He will assume the CUB chief executive role in February, succeeding Peter Filipovic.

Send this to a friend