Norway: Orkla to acquire German Eisunion

Oslo / NO. (ok) Orkla Food Ingredients (OFI), through its wholly-owned subsidiary Idun Industri AS, has entered into an agreement to acquire 100 percent of the shares in the German sales and distribution company Eisunion GmbH, a full-range supplier of ice cream ingredients and accessories. Eisunion is a leading market player in Germany. OFI is one of Norway´s leading suppliers of ingredients and semi-manufactured products to the ice cream industry, and provides ice cream ingredients and accessories in all the Nordic countries and Great Britain. With the acquisition of Eisunion, OFI is expanding its business activities for ice cream ingredients and accessories to Germany. «This acquisition is in line with Orkla´s aim to grow in selected niches where we see potential for further growth and improved operations. Eisunion has a leading position as a supplier to the German ice cream market, and is strategically important for increasing OFI´s presence in selected geographical markets in Europe», says Pål Eikeland, EVP and CEO of Orkla Food Ingredients. Eisunion supplies ice cream ingredients, ice cornets, packaging, toppings, equipment and machinery to ice cream parlours and cafes. The company achieved a turnover of 19.6 million EUR (163 million NOK) in 2014. Eisunion is headquartered in Feucht (Nuremberg) and operates from five locations in central and southern Germany. The company has around 70 employees. The company currently has five owners, who are all part of the German Bäko cooperative. Bäko Zentrale Süddeutschland is the main owner with 71.9 percent. The agreement is subject to the approval of the German competition authorities.