Orkla sells the Mrs Cheng's brand to Continental Foods
Orkla Foods Sverige has signed and closed an agreement with Continental Foods on the sale of the Mrs Cheng's brand. The purpose of the sale is to concentrate activities on fewer categories. The agreement concerns the 100% divestment of the Mrs Cheng's brand, which has a product portfolio of soy sauces and Thai casseroles bases in Sweden. The brand became a part of Orkla through the acquisition of Rieber & Son in 2013 and had net sales of SEK 23.5 million (ca. NOK 21.6 million) in 2017. Continental Foods is a European food company, with operations in Belgium, Finland, France,