Image - 3 October 2022

Denali Ingredients

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Topics

Food, Drink

Contacts

Joachim Gresslien

Press contact Vice President Financial Communication Orkla ASA joachim.gresslien@orkla.no +47 907 25 018

Dag Olav Stokken

Press contact SVP Communication Orkla Foods Europe/Orkla Foods Norge dag.olav.stokken@orkla.no +4791665078

Bettina Johnsen

Press contact Communication Manager Pierre Robert Group bettina.johnsen@pierrerobert.no +4748608934

Kristoffer Barbøl Vikebak

Press contact Communication Manager Orkla Foods Norge/Orkla Foods Europe kristoffer.vikebak@orkla.no +47 45 51 72 72

Orkla invests in US ice cream ingredients and announces intention to seek a partner to further accelerate growth of its ingredients business

Orkla Food Ingredients (“OFI”) has entered into an agreement to purchase 84% of the shares in Denali Ingredients, which is a leading ice cream ingredients business in the USA. The purchase price on a 100% and cash and debt free basis is USD 200 million, equivalent to NOK ~2.2 billion.
Denali Ingredients has seen strong organic growth of more than 10% p.a. over the past 15 years. The company is

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Orkla ASA is a leading industrial investment company. Its scope of activity is brands and consumer-oriented companies. At present, Orkla has 11 portfolio companies.

Orkla has a long-term, industrial approach to its portfolio companies. We invest in companies where we can contribute to further value creation through our industry expertise, consumer insight and experience in building leading brands.

Orkla ASA is listed on the Oslo Stock Exchange.