Through its wholly-owned subsidiary Sonneveld Group BV, Orkla Food Ingredients has signed and completed an agreement to purchase Dutch bakery ingredient manufacturer Vamo (Vamo produkten voor de Bakkerij BV). This is the latest of a string of Orkla’s acquisitions.
Vamo manufactures specialized concentrates and ingredient mixes for sale to manufacturers of artisanal and industrial bakery products. The company, which was established in 1963, also holds a leading position in Benelux in special ingredients for corn-based products, a segment that has seen good growth in Europe for several years. In 2018, it had a turnover of EUR 12.4 m.
Orkla is strongly positioned as a supplier of bakery ingredients and ice cream accessories in the Nordic region and selected countries in Europe. In the Netherlands, Orkla has built up a solid position through its subsidiaries Sonneveld, NIC, Broer and Laan.
“Vamo is a well-run company with a good customer base and a product portfolio that is a good fit with Sonneveld,” says Peter Verhagen, CEO of Sonneveld. “The acquisition of Vamo will complement Sonneveld’s position as a supplier of ingredients and accessories to the bakery market”.