Orkla acquires Swedish ingredients supplier12 Apr 2019
Through its wholly-owned subsidiary Orkla Food Ingredients, Orkla has entered into an agreement to purchase Zeelandia Sweden, a supplier of margarine, vegetable oils and bakery ingredients to the Swedish market.
Zeelandia Sweden has most of its sales in Sweden, and exports to Finland, the Baltics and Norway.
The company sells primarily to the bakery industry. Following the transaction, the company’s name will be changed to Credin Sverige, and the company will become part of Credin Group.“The acquisition of Zeelandia Sweden is strategically right for strengthening Orkla’s position and production capabilities in our Nordic home markets in categories with which Orkla Food Ingredients is very familiar. Their product portfolio makes a good fit with the Credin Group,” said Johan Clarin, Orkla Executive VP and CEO of Orkla Food Ingredients.Zeelandia Sweden is currently owned by the Dutch company Koninklijke Zeelandia Groep, which was established in 1900 by the Doeleman family. The company that is being sold has around 60 employees and is headed by CEO Karin Andersson. The company’s headquarters and production facilities are located in Stenkullen, near Gothenburg, Sweden.Zeelandia Sweden had a turnover of €22.9 million (approx. NOK222.5 million) in 2018. The company is expected to be consolidated into Orkla’s financial statements in the second quarter of 2019.The parties have agreed not to disclose the purchase price. The agreement is subject to the approval of the Swedish competition authorities.
Chickpea revolution? Companies looking to innovate could face higher prices as global shortage hits
5 Aug 2022
From coffee to ice cream, recent product launches demonstrate how companies are betting on chickpea in the plant-based revolution… but could a global shortage scupper innovation?Read more
European soft drinks industry celebrates sugar reduction milestones as the ‘war on sugar’ continues
3 Aug 2022
The European soft drinks sector has achieved a 17.7% reduction in average added sugars since 2015, says its industry association, UNESDA. However, experts warn that the “war on sugar” will intensify from both consumers and governments in the next few y...Read more
Diageo unveils plans for €200 million carbon-neutral brewery in Ireland
1 Aug 2022
Diageo has unveiled plans for a €200 million carbon-neutral lager and ales brewery in Ireland – the country’s first.Read more
How (and why) should food brands leverage social media?
27 Jul 2022
Social media is a powerful and far-reaching tool which allows brands to get closer than ever before to their consumers. To reap its value, brands should closely monitor consumer attitudes on social media and proactively engage with them.Read more
Shifting trends: Analysing the impact of high inflation in India
25 Jul 2022
Despite food and beverage categories in India feeling the pinch of increasing inflation, the overall outlook remains upbeat as governmental support steps in and evolving consumer purchasing patterns shape the sector.Read more
A switch to alternative proteins could be cheapest and highest impact solution to climate crisis – report
22 Jul 2022
Shifting to alternative proteins could be the “most capital-efficient and high-impact” solution to today’s climate crisis, according to a new report from Boston Consulting Group (BCG), which suggests more than 30% of consumers are willing to fully swap...Read more
Oman authorities put food security and sustainability centre stage with ‘transformative’ investments
21 Jul 2022
New technologies and initiatives to promote sustainable food systems, healthy diets and improved food and nutrition security have attracted the backing of authorities in the Gulf country Oman.Read more
National dietary recommendations must be revised to account for sustainability, warns study
19 Jul 2022
The composition and quantity of animal product recommendations in national dietary guidelines should be revised in line with circular food system principles, new research suggests.Read more
Infant formula shortage in the US: How to prevent a future crisis
15 Jul 2022
Following a series of events which led to the US being unable to meet its needs for infant formula, action is needed to prevent future shortages, says the non-profit Center for Science in the Public Interest.Read more
Value with values: Sustainable products must be affordable for Latin Americans
8 Jul 2022
As inflation begins to bite, budget-conscious consumers in Latin America are looking for food and drink products that offer value for money – but sustainability concerns are still there so brands need to show how good-for-the-planet and budget ca...Read more
Are you a supplier?
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation