TANZANIA – The government of Norway has signed a US$3 million (Tsh8 billion) with the UN World Food Programme (WFP) aimed at improving smallholder farming in Tanzania, reports Daily News. The funding will support the Farm to Market Alliance (FtMA), an initiative aimed at affording smallholder farmers to access farm inputs and markets for their…
EUROPE – The Norwegian consumer goods conglomerate Orkla has agreed to acquire the Finnish pizza restaurant chain Kotipizza (Kotipizza Group) at a valuation of US$166.24 million. The offer includes purchase all the shares in Kotipizza Group Oyj, the owner of Kotipizza restaurants which are mainly operated mainly by franchisees. Orkla will gain control of more…
NORWAY - Orkla, through its subsidiary Orkla Foods Sverige has signed an agreement to acquire the Danish bakery Struer Brod A/S for an unknown sum to enhance production capacity. Orkla Foods will assume the business operations of Struer which has been supplying Orkla with breakfast cereals and breadcrumbs. According to the company, the acquisition of…
SWITZERLAND - Buhler is building the world’s first advanced coffee processing facility, which uses innovative roasting technology that ensures low carbon emission to reduce on the global greenhouse effect. According to the company, the plant was built for the Norwegian coffee producer Joh. Johannson, and will utilize biogas with ability to achieve net zero carbon…
NORWAY - Orkla Foods Ingredients has announced the acquisition of Agrimex, a leading frozen vegetable producer in the Czech Republic, through its subsidiary Hamé. Hamé is a leading branded food company in the Czech Republic and Slovakia, and holds strong positions in the liver paté, ready meals, ketchup, jam, baby food and tinned vegetable categories. Through…
