:. Food Industry News

Categories: Mergers and Acquisitions



This is a portion of our archives. Full and unlimited access to our complete real-time news service and archives by subscription only.

Subscribe to our full service



Orkla's Felix Abba to Acquire Kalev Chocolate Factory in Estonia

Source: FLEXNEWS
05/05/2010

5 May 2010 - Felix Abba, a subsidiary of Orkla Foods, has signed an agreement to acquire Estonian confectionery maker Kalev Chocolate Factory. The amount of the deal was not disclosed.

The deal includes Kalev Chocolate Factory's plant in Juri, in the south of Tallinn, as well as the business segments for the production of cookies and flour mixes in Estonia.

"This acquisition is an important step in the expansion of our confectionery business, as it gives us good growth and value creation possibilities in the Estonian market and provides a platform for expanding confectionery in Finland and the Baltic region," said Clas Göran Hagström, Managing Director of Orkla Foods Fenno-Baltic.

The deal is subject to the approval of the Estonian competition authorities.



GO   View more articles on this subject


More Alerts from 05/05/2010


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
News Alerts
 


FLEXNEWS 2014 - All rights reserved
ISSN 1950-6228