Orkla Food Ingredients AS

Are you looking for a challenging and rewarding role in a global company with a strong local presence? Do you have experience, expertise and see the great benefits of working with Master Data Management? Do you want to be part of a team that works with the latest technology and delivers valuable solutions for Orkla? You may be the person we are looking for! Click on "View job" to learn more about this exciting new job opportunity at OFI and apply today if you think this is a good fit for you.

The partnership agreement between Orkla and Rhône has been formalized     On October 26, 2023, it was announced that Orkla had entered into a partnership agreement with Rhône, resulting in the acquisition of 40% ownership in Orkla Food Ingredients (OFI). Following the fulfillment of all conditions, including obtaining permits from relevant authorities, the transaction has been successfully closed today, April 17th, 2024.   This partnership will give OFI access to further capital, capabilities and connections to support  running an ambitious structural and organic growth agenda. Members of Rhône will join the OFI Board, further strengthening governance and collaboration.   ‘I am delighted to welcome Rhône as co-owners of OFI. Throughout the interactions I have had during the due diligence process with the members of the Rhône team, I have observed the strong understanding of the ingredients market that they have, their professionalism, expertise and devotion to continue to develop OFI by leveraging our existing value creation model. In combination with the continued support from Orkla, I am convinced that the new ownership structure will contribute to an even more accelerated OFI growth.’ – Johan Clarin, OFI CEO.   We look forward to this exciting new chapter in OFI’s history! https://lnkd.in/d6n73SG6

Are you experienced in accounting or controlling and interested in contributing to the financial and strategic initiatives of a global company in a growing position? If so, join our expanding team at Orkla Food Ingredients! 🚀   We are excited to announce that we are adding two new positions to our finance team: Head of Accounting https://lnkd.in/d9PptFHf Business Controller https://lnkd.in/dRSbde5s

Exciting opportunity! 🚀 We're looking for a talented L&D Manager to join our team. If you're passionate about fostering growth, developing talent, and driving organizational success, check out the job details in the link below. https://lnkd.in/dHMeCJpj

Grateful for the opportunity to be one of the Portfolio Companies sharing their vision at the Capital Markets Day organized by Orkla Group last week in London🚀🌐 Orkla Food Ingredients' CEO Johan Clarin talked about our ambition to build a leading European and US presence, emphasizing our multi-local model and strategic partnerships. He also delved into our robust market position, resilient growth, and the three key clusters driving our success. We have high ambitions for the future, aiming for 5% annual revenue growth and 12% EBIT adj. growth by 2026, all while committing to a 66% reduction in GHG emissions. #OFI #CapitalMarketsDay #FoodIngredients 🍽️🌍✨

Today, October 26th, 2023, it was announced that Orkla ASA, the owner of Orkla Food Ingredients AS (OFI) and Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence, entered into an agreement through which investment funds affiliated with Rhône acquired a 40% ownership stake in Orkla Food Ingredients. OFI was established by Orkla in 1999 and has since grown 9-fold to NOK 18.1 billion in sales for the 12 months ending 30 September 2023 with an adj. EBIT of NOK 1.1 billion. OFI has become a leading food ingredients solutions provider in Europe, spanning a range of categories from bakery, pastry and ice cream ingredients to plant-based dairy alternatives for consumers. This growth has been the result of organic expansion and a successful M&A strategy, with over 50 acquisitions across Europe and North America. OFI’s new minority owner, Rhône, was founded in 1996 and has offices in New York, London and Madrid. The firm invests across several sectors with an emphasis on business services, consumer and industrial sectors. They employ about 40 professionals and have a broad portfolio of investee companies, including Illy, Hudson’s Bay Company and Baker & Baker. Orkla has chosen to partner with Rhône based on their extensive industry experience and shared vision around OFI’s future growth journey. As OFI is embarking on this next phase, the business will benefit from the continued support by Orkla, which will retain a 60% stake, and from Rhône’s substantial and complementary expertise in the international ingredients sector and experience from prior investments. The partnership with Rhône will build upon and strengthen OFI’s existing structures and businesses, with a clear aim to accelerate shareholder value creation through continued ambitious organic growth and an active pursuit of consolidation targets. “This transaction is testament to the success, strength and resilience of OFI built over many years. I am very pleased that an investor such as Rhône has decided to invest in OFI and partner with Orkla”, Johan Clarin, CEO of OFI, points out. He adds, “We will now have two strong and capable owners joining forces to develop OFI as a leading ingredients business in Europe and North America. I look forward to driving continued growth, accelerate our margin expansion and make value creative investments with the support of our shareholders.” “This project has required a lot of hard work from the several members of the OFI team, sometimes at an extremely intense pace. I would like to use this opportunity to thank the OFI team for their fantastic efforts and great engagement!”, says Johan Clarin, CEO of OFI. More information about this transaction can be found in the press release issued by Orkla ASA. https://lnkd.in/dAJVxxFw