Orkla Food Ingredients: buys Hadecoup in Belgium

Oslo / NO. (ok) Through its wholly owned subsidiary Idun Industri AS, Orkla Food Ingredients (OFI) has signed and executed an agreement to acquire the Belgian company Hadecoup, thereby strengthening its position in ice cream ingredients and accessories in the Benelux region.

Orkla has announced the acquisition of 70 percent of the shares in the Belgian company Hadecoup. The company is a leading player in the sale and distribution of ice cream ingredients and accessories in Belgium. Hadecoup will become part of the NIC Group, which is part of the OFI business area.

«Hadecoup expands NIC Group’s market share by significantly increasing the customer base in the Benelux region. The transaction contributes to the group’s ability to strengthen its position in Europe in line with the strategy for Orkla Food Ingredients. Hadecoup is already a customer of several companies in the NIC Group and we are therefore well acquainted with the company and their product portfolio,» says Johan Clarin, President and CEO of Orkla Food Ingredients, part of Norway’s Orkla ASA.

Hadecoup had an operating profit (Ebit) of EUR 1.3 million (approximately NOK 13 million) in 2021. The company will be consolidated in Orkla’s accounts from 01 April 2022.

The company was established in 1976 and is headquartered in Herk-de-Stad outside Brussels, Belgium. The CEO will continue in his position and together with his family will retain 30 percent of the shares in the company. Orkla has a right to purchase the remaining shares over the next five years.

bakenet:eu
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