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The latest announcement is out from Orkla ASA ( (GB:0FIN) ).
Orchard Foods Valley’s UK unit has acquired Phoenix Brands, a British producer of biscuits and baked inclusions, to expand its capabilities in sweet inclusions and deepen its presence in the UK market. The deal, whose price remains confidential, brings Phoenix’s dedicated production site and established customer base in bakery, dairy and confectionery into OV UK, reinforcing Orkla’s strategy of building leading, specialised positions in attractive ingredients segments.
Executives from both OV UK and Orkla Food Ingredients describe Phoenix Brands as a strong strategic fit that enhances manufacturing capacity and strengthens long-term customer relationships in a focused niche. The former owner, who will remain involved, highlights the company’s strong market position built on product quality and technical expertise, suggesting continuity for existing customers and further development potential under Orkla’s ownership.
The most recent analyst rating on (GB:0FIN) stock is a Hold with a NOK130.00 price target. To see the full list of analyst forecasts on Orkla ASA stock, see the GB:0FIN Stock Forecast page.
More about Orkla ASA
Orkla Food Ingredients is a European supplier of bakery, ice cream and plant-based ingredients, with a growing platform in the U.S. and strong positions in bread and cake mixes, yeast, marzipan, ice cream components and margarine and butter blends. Its UK arm, OV UK, is a leading provider of sweet ingredients, serving industrial and artisanal customers with a broad portfolio and an emphasis on category expertise and reliable delivery.
YTD Price Performance: 3.89%
Average Trading Volume: 1,512,634
Current Market Cap: NOK110.6B
Learn more about 0FIN stock on TipRanks’ Stock Analysis page.