Orkla expands in confectionery ingredients in the UK
Through its wholly-owned subsidiary NIC Enterprises Limited, Orkla Food Ingredients has signed and completed an agreement to purchase 85% of the shares in the British sales and distribution company Orchard Valley Foods Limited ("Orchard Valley"). Orchard Valley holds strong positions as a supplier of ingredients and accessories to the UK bakery, chocolate and ice cream market. Most of its turnover is generated in the UK, but the company also has increasing exports to Europe. The company was established in 2004 and has achieved good, steady growth in both sales and profitability over