Advised Orkla in the acquisition Nordic Partners Food Ltd.
On 26 August 2014, Orkla announced that it had entered into an agreement to acquire 100 % of the shares in the companies held by Nordic Partners Food Ltd, which is owned by the Latvian investment company Nordic Partners and the Icelandic fund BIL ehf. The companies held by Nordic Partners Food Ltd are AS Gutta, NP Foods SIA, AS Staburadze, AS Laima, UAB Margiris and SIA Détente.
The acquisition will nearly double the scale of Orkla’s Baltic operations, making Orkla one of the largest consumer goods companies in the region. The agreement with Nordic Partners Food Ltd. is planned to be completed within March.
Orkla is a leading supplier of branded consumer goods and concept solutions for the retail, food service and bakery markets in the Nordic countries and the Baltics, and to selected markets in Central Europe, Russia and India. Orkla is listed on Oslo Stock Exchange and based in Oslo, Norway. In 2013, Orkla’s turnover totalled NOK 33 billion, and the group had around 17,000 employees.