Orkla acquires a leading UK manufacturer of specialty fudge and toffee
Through its wholly-owned subsidiary NIC Enterprises Limited ("NIC"), Orkla Food Ingredients has signed and completed an agreement to purchase British fudge and toffee manufacturer Confection by Design Ltd. ("Confection by Design"). Confection by Design offers fudge and toffee to ice cream manufacturers, bakeries and confectioners. Approximately two thirds of its portfolio is distributed by Orkla's UK subsidiary Orchard Valley Foods. Most of the company's sales are in the UK (~80%), but Confection by Design also has exports to other countries (~20%). Orkla Food Ingredients holds a