Orkla ASA: Orkla enters into agreement with PepsiCo
Orkla ASA has signed an agreement with PepsiCo to become the primary go-to-market partner for PepsiCo's juice, cereals, and snacks products in the Nordics, including the brands Tropicana, Quaker, and Lay's.
The move expands Orkla's partnership with PepsiCo in the Nordics. Orkla began sales of Tropicana juice in Sweden and Denmark in January, 2015 followed by Finland in April. The new agreement also covers Tropicana in Norway, as well as Quaker in the Nordics, and PepsiCo's snacks in Norway, Sweden, and Finland.
"We are delighted that PepsiCo has chosen Orkla as their primary go-to-market partner for their juice, cereals, and snacks products in the Nordics.The distribution agreement with PepsiCo is an important step for Orkla in order to become a leading branded consumer goods company. Partnering with PepsiCo's global brands, Orkla will build stronger presence in the breakfast market and the snacks category," says Peter A. Ruzicka, President and CEO of Orkla ASA.
Björn Bernemann, General Manager for PepsiCo Nordics, adds: "The Nordic markets are very important for PepsiCo and the announcement of our partnership with Orkla marks a step-change for our business. Since we began operations here more than 25 years ago, we've gone from strength-to-strength and today we see many more growth opportunities for our brands. In Orkla we have found a partner with shared values, a complementary portfolio and an excellent go-to-market organisation. Together we are perfectly positioned to drive growth in the Nordics."
PepsiCo's juice, cereals, and snacks portfolio, including attractive brands like Tropicana, Quaker, and Lay's, holds a strong position in the market.
Under the new agreement which takes effect 1 January 2016, Orkla Foods will manage sales of Tropicana and Quaker, while Orkla Confectionery & Snacks will cover PepsiCo's snack brands.
Orkla ASA
Oslo, 27 April 2015
Ref:
Orkla ASA
Group Director Corporate Communications and Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828
Email: hakon.mageli@orkla.no
SVP Investor Relations
Rune Helland
Tel.: +47 977 13 250
Email: rune.helland@orkla.no
About Orkla
Orkla is a leading supplier of branded consumer goods and concept solutions for the retail, food service and bakery markets in the Nordic countries and the Baltics, and to selected markets in Central Europe and India. Orkla is listed on Oslo Stock Exchange and based in Oslo, Norway. In 2014, Orkla's turnover totalled NOK 30 billion, and the group had almost 13,000 employees. See also www.orkla.com.
About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2014, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose - our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.
The move expands Orkla's partnership with PepsiCo in the Nordics. Orkla began sales of Tropicana juice in Sweden and Denmark in January, 2015 followed by Finland in April. The new agreement also covers Tropicana in Norway, as well as Quaker in the Nordics, and PepsiCo's snacks in Norway, Sweden, and Finland.
"We are delighted that PepsiCo has chosen Orkla as their primary go-to-market partner for their juice, cereals, and snacks products in the Nordics.The distribution agreement with PepsiCo is an important step for Orkla in order to become a leading branded consumer goods company. Partnering with PepsiCo's global brands, Orkla will build stronger presence in the breakfast market and the snacks category," says Peter A. Ruzicka, President and CEO of Orkla ASA.
Björn Bernemann, General Manager for PepsiCo Nordics, adds: "The Nordic markets are very important for PepsiCo and the announcement of our partnership with Orkla marks a step-change for our business. Since we began operations here more than 25 years ago, we've gone from strength-to-strength and today we see many more growth opportunities for our brands. In Orkla we have found a partner with shared values, a complementary portfolio and an excellent go-to-market organisation. Together we are perfectly positioned to drive growth in the Nordics."
PepsiCo's juice, cereals, and snacks portfolio, including attractive brands like Tropicana, Quaker, and Lay's, holds a strong position in the market.
Under the new agreement which takes effect 1 January 2016, Orkla Foods will manage sales of Tropicana and Quaker, while Orkla Confectionery & Snacks will cover PepsiCo's snack brands.
Orkla ASA
Oslo, 27 April 2015
Ref:
Orkla ASA
Group Director Corporate Communications and Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828
Email: hakon.mageli@orkla.no
SVP Investor Relations
Rune Helland
Tel.: +47 977 13 250
Email: rune.helland@orkla.no
About Orkla
Orkla is a leading supplier of branded consumer goods and concept solutions for the retail, food service and bakery markets in the Nordic countries and the Baltics, and to selected markets in Central Europe and India. Orkla is listed on Oslo Stock Exchange and based in Oslo, Norway. In 2014, Orkla's turnover totalled NOK 30 billion, and the group had almost 13,000 employees. See also www.orkla.com.
About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2014, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose - our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.