Orkla acquires Dutch bakery ingredients company11 Sep 2019
Through its wholly-owned subsidiary Sonneveld, Orkla Food Ingredients has acquired Dutch company Vamo, a manufacturer of specialised concentrates and ingredient mixes for manufacturers of artisan and industrial bakery products.
The company is also said to hold a leading position in the Benelux in special ingredients for corn-based products, a segment that has seen good growth in Europe for several years.
Orkla Food Ingredients says it is strongly positioned as a supplier of bakery ingredients and ice cream accessories in the Nordic region and selected countries in Europe, with a solid position in the Netherlands through its subsidiaries Sonneveld, NIC, Broer and Laan.
“Vamo is a well-run company with a good customer base and a product portfolio that is a good fit with Sonneveld. The acquisition of Vamo will complement Sonneveld’s position as a supplier of ingredients and accessories to the bakery market,” said Peter Verhagen, CEO of Sonneveld.
Vamo was established in 1963 and has 20 employees. The company’s headquarters and production facilities are located in Duiven, the Netherlands. Vamo is currently owned by two private shareholders who jointly head the company. The owners also hold a 20% stake in the company Quattro Enzymes Solutions, in which Sonneveld owns a 60% interest.
The company had a turnover of €12.4 million in 2018 and EBIT of €1.6 million.
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