Orkla expands in ice cream ingredients in Germany

Orkla Food Ingredients has, through its wholly owned subsidiary Eisunion, signed and completed an agreement to purchase 100% of the shares in the German sales and distribution company Eis Ludwig Gräbner.

With the acquisition of Eis Gräbner, Orkla Food Ingredients will strengthen its position as a supplier of ice cream ingredients and accessories. The acquisition of Eisunion in 2015, Orkla Food Ingredients established a strong market position in southern Germany. Eis Gräbner is based in northern Germany, and thus complements Eisunion’s geographical presence.

“The purchase of Eis Gräbner complements Orkla’s current position in the ice cream ingredients and accessories segment in Germany. The acquisition offers potential for expanding our product range, broadening our distribution and realising synergies with our present operations,” says Pål Eikeland, EVP and CEO of Orkla Food Ingredients.

The company will be consolidated into Orkla’s financial statements as of 1 May 2017. The parties have agreed not to disclose the purchase price.