Orkla ASA: acquisition of Hans Kaspar now completed

Oslo / NO. (ok) In its notification of July 2021, it was announced that Orkla Food Ingredients (OFI) – Norway’s Orkla ASA – has entered into an agreement to purchase the Swiss company Hans Kaspar, thereby strengthening its position in confectionery and ice cream ingredients. The transaction was completed now. Hans Kaspar will be consolidated into Orkla’s financial statements as of 01 August 2021. The business will be integrated into the OFI business area and become part of OV Group (formerly Orchard Valley Foods), joining companies like Candeco, Confection by Design and Cake Décor. Hans Kaspar’s senior executives will remain in the company and will jointly with OFI work to ensure the company’s growth and continued success as a Swiss quality ingredients producer.