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Orkla snaps up British toffee maker

ingredientsnetwork 2019-07-07
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Approximately two thirds of its portfolio is distributed by Orkla’s UK subsidiary Orchard Valley Foods. Most of the company’s sales are in the UK (~80%), but Confection by Design also has exports to other countries (~20%).

 

Orkla Food Ingredients says it holds a strong position as a supplier of bakery ingredients and ice cream ingredients and accessories in the Nordic region and selected countries in Europe. In the UK, Orkla Food Ingredients claims it has built up a solid position through its subsidiaries NIC UK, Orchard Valley Foods and County Confectionery.

 

“The purchase of Confection by Design is strategically right and will complement Orkla Food Ingredients’ position as a supplier of inclusions and accessories to the bakery, chocolate and ice cream market,” said Tor Osmundsen, CEO of NIC Group.

 

Confection by Design is a privately-owned business established in 1988 and has 35 employees. The company’s headquarters and production facilities are located in Harrogate, U.K.

 

The company has grown its turnover to £5.7 million (approx. NOK 63 million) in the financial year ending 30 June 2019. The company will be consolidated into Orkla’s financial statements as of 1July 2019.

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