Orkla: acquires Kavli’s Danish operation

Oslo / NO. (ok) Orkla Foods Danmark has signed an agreement with Kavli Holding AS to purchase O. Kavli A/S. The acquisition further reinforces Orkla Foods Danmark’s branded consumer goods portfolio. The agreement provides for a complete takeover of O. Kavli A/S, a significant supplier to the Danish grocery market with a product portfolio that includes well-known brands. O. Kavli generated sales of 170 million DKK in 2014. The company has 70 employees distributed between an office in Hvidovre and a factory in Ringkøbing. O. Kavli was founded in Bergen, Norway in 1893, and its Danish operation was launched in 1935. O. Kavli is owned by Kavli Holding AS. «Our acquisition of O. Kavli represents an investment in the beverages category and an extension of our groceries portfolio. The company’s products complement our existing product range. Further, O. Kavli has a private label and an export business with long-term customer relations. We look forward to adding beverages to the portfolio», says Atle Vidar Nagel-Johansen, Executive Vice President and CEO Orkla Foods. «We are pleased to have found a solid buyer for O. Kavli in Denmark, and are confident that Orkla Foods Danmark has the resources to contribute to a profitable growth of the company», says Erik Volden, CEO of Kavli Holding AS. Implementation of the agreement is conditional on approval from the Danish competition authorities. The transaction is expected to be completed by the end of February 2016.