DENMARK, Copenhagen. DAT-Schaub has signed an agreement with Orkla Food Ingredients on the sale of all its shares in the Norwegian company Arne B. Corneliussen AS, which supplies ingredients to the Norwegian food industry.
“The acquisition gives us access to a new platform for growth within the food industry. The acquisition also holds potential for synergies with our existing company in Norway”, says Pål Eikeland, Executive Vice President and CEO of Orkla Food Ingredients.
Arne B. Corneliussen, which is located in Oslo, has 32 employees, and posted revenue of 188 mill. NOK in 2016. The parties have agreed not to disclose the acquisition price.
The agreement is conditional upon approval by the Norwegian competition authorities.