Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Iconic chocolate firm sold to Norwegian company

Aug 26, 2014
From wire reports, RIGA

Iconic chocolate firm sold to Norwegian company
(photo: delfi.lv)

A Norwegian firm has purchased Latvian owned NP Foods, the firm that's famous for owning chocolate company Laima, Gutta, Staburadze, Staburadzes konditoreja and Margiris.

Orkla says the acquisition would double the scale of its Baltic operations making it one of the largest firms in the Baltics, nozare.lv.

"The acquisition of Laima and other well-established brands is strategically important to Orkla and will significantly strengthen our foothold in the region," said Orkla President and CEO Peter Ruzicka.

Orkla is already represented in the Baltic region through other firms including Spilva, Latfood (Latvia), Kalev and Poltsamaa Felix (Estonia) and Suslavicius-Felix (Lithuania).

"The acquisition of "NP Foods" by "Orkla" gives us access to new technology, in-depth expertise and a well-documented food and product safety system. This will allow us to develop our long-established brands further and open up new opportunities for the company," said Rolands Gulbis CEO of NP Foods

In addition, the "Orkla" Group holds good positions in certain product categories in India, the Czech Republic, Austria, Poland and Russia. The company is also a major supplier to the European bakery market. Besides foods, Orkla also operates in the aluminum, hydropower and real estate sectors.

In December, 2013, Orkla had around 17,000 employees. The group’s turnover in 2013 totaled NOK 33 billion (4.13 billion euros).

NP Foods turnover in 2013 was 64.32 million euros, as compared to 58.77 million euros in 2012. The company's profit in 2013 was 1.107 million euros, as compared to 304,584 euros in 2012.
 

 MORE NEWS
  • Baltic leaders set for top rol...
    The European Parliament on Wednesday voted in favor of Jean-Claude Juncker's n...
  • Sweden PM visits Baltics amid ...
    Sweden's Prime Minister Stefan Lofven is in the Baltics today amid the possibl...
  • Baltics on edge amid Russian s...
    Estonia has said it's on high alert amid several sighting of a Russian submari...
  • More ’pressure’ on Russia need...
    The EU should consider fresh sanctions against Russia amid the crisis in the Uk...
  • Estonia recognizes same sex ma...
    Estonia has become the first ex-Soviet republic to recognize civil partnerships...
  • NATO to defend Baltics at ’lig...
    NATO forces can defend member states at 'lightning speed' in case of an...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.