Orkla ASA: Orkla sells the Asan and Sana brands
Orkla has today entered into an agreement to sell the Asan and Sana brands to Weifa ASA for a total consideration of NOK 115 million.
The brands Asan (in Norway) and Sana (in Sweden) consist of a product portfolio of shower gel and intimate wash, and is owned by the Swedish branded consumer goods company Cederroth. Orkla acquired Cederroth earlier this year, and the transaction was approved by the competition authorities subject to divestment of the Asan and Allévo brands, resulting in today's sale agreement.
The transaction is done as a sale of shares in Cederroth AS, which comprises the Asan and Sana brands and associated intellectual property rights and inventory. The portfolio generated net sales of NOK 52.7 million in 2014 (Norway and Sweden combined).
Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, the Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and has its head office in Oslo. In 2014, the Group had a turnover of around NOK 30 billion and approximately 13,000 employees at year-end.
Orkla ASA
Oslo, 17 December 2015
Ref.:
Group Director, Corporate Communications and Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828
SVP Investor Relations
Mattias Orrenius
Tel.: +47 983 66 334