Orkla acquires majority stake in Broer
Through its subsidiary Sonneveld Group, bakery supplier Orkla Food Ingredients (OFI) has agreed to acquire a 70% stake in Broer Bakkerijgrondstoffen, a Netherlands-based manufacturer of almond paste, bakery ingredients and ice cream powder.
The acquisition of Broer, which has its own production of ready mixes for soft serve ice cream, will allow OFI to further strengthen its position in this market in the Netherlands.
Broer manufactures primarily for the Dutch B2B market, but also exports products to other countries, primarily Belgium. With sales and distribution companies in 22 countries, OFI will be able to contribute to the further development of the company’s sales, marketing and product development activities.
Pål Eikeland, Orkla executive vice president and CEO of OFI, said, “This acquisition is in line with Orkla’s desire to grow in selected categories and markets where we see potential for further growth and synergies.
“Broer holds solid positions in categories that we are already part of OFI’s core business, and the acquisition is strategically important for strengthening OFI’s presence in selected geographies in Europe.”
