Orkla acquires Hadecoup in Belgium

Through its wholly-owned subsidiary Idun Industri AS, Orkla Food Ingredients has signed and completed an agreement to purchase the Belgian company Hadecoup, thereby strengthening its position in ice cream ingredients and accessories in the Benelux region.

Today, Orkla announced its purchase of 70% of the shares in the Belgian company Hadecoup. The company is a leading player in the sale and distribution of ice cream ingredients and accessories in Belgium. Hadecoup will become part of the NIC Group within the Orkla Food Ingredients business area.

“Hadecoup will expand NIC Group’s reach by substantially increasing its customer base in the Benelux region. This acquisition enables the Group to strengthen its position in Europe in line with Orkla Food Ingredients’ strategy. Hadecoup is already a customer of several companies in the NIC Group and hence we know the company and the product portfolio well, says Johan Clarin, Orkla EVP and CEO of Orkla Food Ingredients.

Hadecoup had an operating result (EBIT) of EUR 1.3 million (approx. NOK 13 million) in 2021. The company will be consolidated into Orkla’s financial statements as of 1 April 2022.

The company was established in 1976 and its headquarters is located in Herk-de-Stad outside Brussels, Belgium. The CEO will remain in his position and he and his family will retain 30% of the shares in the company. Orkla has a right to purchase the remaining shares over the next five years.

The parties have agreed not to disclose the purchase price.

Orkla Food Ingredients

Orkla Food Ingredients is the leading player in bakery and ice cream ingredients in the Nordic region, in addition to holding solid market positions in selected countries in Europe. Its largest product categories are bakery and ice cream ingredients, margarine and butter blends, marzipan and plant-based food products. Orkla Food Ingredients has sales and distribution companies in 22 countries, which ensure proximity to customers.

Orkla

Orkla is a leading supplier of branded goods and concept solutions to the consumer, out of home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its headquarters is in Oslo, Norway. In 2021, the group had a turnover of NOK 50.4 billion, and it has around 21,500 employees.

Orkla ASA

Oslo, 4 April 2022

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