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Orkla buys supplier of bakery ingredients in Sweden

10 April 2019 | News

Zeelandia Sweden AB has most of its sales in Sweden, and exports to Finland, the Baltics and Norway.

Through its wholly-owned subsidiary Orkla Food Ingredients AS, Orkla has entered into an agreement to purchase Zeelandia Sweden AB, a supplier of margarine, vegetable oils and bakery ingredients to the Swedish market.

Zeelandia Sweden AB has most of its sales in Sweden, and exports to Finland, the Baltics and Norway. The company sells primarily to the bakery industry. Following the transaction, the company’s name will be changed to Credin Sverige AB, and the company will become part of Credin Group.

“The acquisition of Zeelandia Sweden AB is strategically right for strengthening Orkla’s position and production capabilities in our Nordic home markets in categories with which Orkla Food Ingredients is very familiar. Their product portfolio makes a good fit with the Credin Group,” says Johan Clarin, Orkla Executive VP and CEO of Orkla Food Ingredients.

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