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BRIEF-Orkla Food Ingredients buys Arne B. Corneliussen AS from Danish Crown
October 25, 2017 / 10:13 AM / in a month

BRIEF-Orkla Food Ingredients buys Arne B. Corneliussen AS from Danish Crown

Oct 25 (Reuters) - Orkla Asa:

* Orkla Food Ingredients to buy Arne B. Corneliussen as, a leading manufacturer and supplier to the Norwegian food industry

* The company’s product portfolio consists of spices, marinades, flavourings, starter cultures and other functional ingredients, in addition to packaging solutions

* Its customer market is Norwegian food manufacturers with the Norwegian meat industry as main segment

* The company, which has 32 employees, has its head office, production facilities, test kitchen and warehouse at Økern in Oslo

* Arne B. Corneliussen, established in 1949, has been owned since 1995 by DAT-Schaub A/S, a subsidiary of Danish Crown

* The business now being sold had a turnover of 188 million Norwegian crowns ($23.46 million) in 2016

* The parties have agreed not to disclose the purchase price Source text: here

Further company coverage: ($1 = 8.0135 Norwegian crowns) (Reporting By Ole Petter Skonnord)

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