Orkla Food Ingredients completes deal for Confection by Design
Scandinavian-headquartered Orkla Food Ingredients has concluded a deal to acquireBritish fudge and toffee manufacturer Confection by Design.
The deal was completed through the company’s NIC Enterprises, though the value of the contract has not been disclosed by either business.
Confection by Design offers fudge and toffee to ice cream manufacturers, bakeries and confectioners, around around two thirds of its portfolio distributed by Orkla’s UK subsidiary Orchard Valley Foods. Most of the company’s sales are in the UK (80%), but Confection by Design also has exports to other countries (20%).
Orkla Food Ingredients holds a strong position as a supplier of bakery ingredients and ice cream ingredients and accessories in the Nordic region and selected countries in Europe. In the UK, Orkla Food Ingredients has built up a solid position through its subsidiaries NIC UK, Orchard Valley Foods and County Confectionery.
“The purchase of Confection by Design is strategically right and will complement Orkla Food Ingredients’ position as a supplier of inclusions and accessories to the bakery, chocolate and ice cream market,” says Tor Osmundsen, CEO of NIC Group.
Confection by Design is a privately-owned business established in 1988 and has 35 employees. The company’s headquarters and production facilities are located in Harrogate, U.K. The company has grown its turnover to GBP 5.7 million (approx. NOK 63 million) in the financial year ending 30 June 2019
