Press release -
Svensk udgave
Orkla strengthens its production capacity in the
breakfast category
Through its wholly-owned subsidiary Orkla Foods Sverige,
Orkla has signed and closed an agreement to purchase the Danish
bakery Struer Brød A/S ("Struer"). Struer produces breakfast
cereals and breadcrumbs, and Orkla is its most important
customer.
Through the Paulúns, Bare Bra and Det Gode Liv brands, Orkla
offers a broad selection of healthier breakfast products. The
products are being launched in a growing number of markets, and the
category is seeing good growth. Struer has supplied breakfast
cereals to Orkla since 2012, as well as selling products to the
out-of-home sector and the food industry under their own brand
Struer.
"Struer delivers high-quality products and has strong product
development expertise. We are pleased with our collaboration with
Struer, and this acquisition is strategically important to ensure
sufficient production capacity and product development for the
future," says Atle Vidar Nagel Johansen, Orkla EVP and CEO of Orkla
Foods.
Struer was established in 1929 and has 44 employees. The current
owners are the three companies Lantmännen Cerelia A/S, Givesco A/S
and JN-Holding af 1. oktober 1989 ApS. In 2016, Struer had a
turnover of DKK 114 million (ca. NOK 148 million), about half of
which consisted of sales to Orkla, and EBIT of DKK 9,8 million (ca.
NOK 13 million). The company will be consolidated into Orkla's
financial statements as of 1 February 2018.
The parties have agreed not to disclose the purchase price.
About Orkla
Orkla is a leading supplier of branded consumer goods and
concept solutions to the grocery, out-of-home and bakery markets in
the Nordics, Baltics and selected markets in Central Europe and
India. Orkla is listed on the Oslo Stock Exchange and its head
office is in Oslo. In 2016, the Group had a turnover of
approximately NOK 38 billion, and around 18,000 employees.
Orkla ASA
Oslo, 1 February 2018
Ref.:
Group Director Corporate Communications and Corporate
Affairs
Håkon Mageli
Tel.: +47 928 45 828
SVP Investor Relations
Mattias Orrenius
Tel.: +47 983 66 334
Fakta og bakgrunn: www.orkla.no
Bilder: www.flickr.com/orkla
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E-post: info@orkla.no