Orkla business unit acquisition

4 October 2010 – Credin bageripartner has entered into an agreement to buy Frederik Christiansen Food, which is a full-package supplier to the Danish bakery and confectionery industry.

Under the agreement, which was signed on 30 September 2010, Frederik Christiansen Food will become a subsidiary of Credin bageripartner. "This acquisition will strengthen our operations," says Henning Jensen, managing director of Credin bageripartner. The company supplies margarine, marzipan, bread and cake mix products, as well as finished and semi-finished bakery products.

Credin has 59 employees, and sales totalled DKK 325 million in 2009. Credin bageripartner is part of Orkla Food Ingredients, a business unit of Orkla Brands.

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