Orkla Food Ingredients has signed and completed an agreement to purchase British fudge and toffee manufacturer Confection by Design Ltd., through its wholly-owned subsidiary NIC Enterprises Limited. Confection by Design offers fudge and toffee to ice cream manufacturers, bakeries and confectioners.
Approximately two-thirds of the company’s portfolio is distributed by Orkla’s UK subsidiary Orchard Valley Foods. Most of its sales are in the UK (an estimated 80 %), while exports to other countries account for the remaining 20 %. The Confection by Design brand has grown its turnover to around USD 7.2 m in the financial year ending 30 June 2019.
Orkla Food Ingredients currently holds a strong position as a supplier of bakery ingredients and ice cream ingredients and accessories in the Nordic region and selected countries in Europe. In the UK, Orkla Food Ingredients has built up a solid position through its subsidiaries NIC UK, Orchard Valley Foods and County Confectionery.