Orkla ASA

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Orkla ASA

legal form ASA
ISIN NO0003733800
founding 1654
Seat Oslo , NorwayNorwayNorway 
  • Peter A. Ruzicka (President and CEO )
Number of employees 14,670
sales 33.198 billion crowns (3.2 billion euros )
Branch Conglomerate
Website www.orkla.com
As of December 31, 2015

Orkla is a Norwegian conglomerate with headquarters in Oslo . The company goes back to a predecessor founded in 1654 and is listed on the Oslo Stock Exchange in the OBX Index .

The company manufactures products in many industries. The main sales markets are Scandinavia and Central and Eastern European countries.


Orkla's company history dates back to 1654, when pyrite was mined by the Orkla company in Sør-Trøndelag , Norway . The company later also mined copper, but copper mining ended in 1854. Orkla Grube-Aktiebolag was founded in 1904 by Christian Thams to operate commercial mining at Løkken Verk. The first electric railway, the Thamshavnbanen , between Løkken Verk and Thamshavn was built for this purpose. This railway line has been used as a railway museum since the mining operations at Løkken Verk ceased on July 10, 1987.

In 1929 Orkla was listed on the Oslo Stock Exchange and in 1931 the blast furnace at Thamshavn, Orkanger , went into operation. In 1941 Orkla diversified its business areas and opened branches in Oslo in 1975. In 1984 Orkla took over Norwegian newspapers and expanded the corporate media sector through the subsidiary Orkla Media, which is one of the three largest Norwegian media companies.

In 1988 Orkla merged with the Borregaard company from Sarpsborg to form the Orkla Borregaard Group and in 1995 it merged with the Nora Industrier company. Orkla invested heavily in the food sector and subsequently acquired the Swedish companies Pripps (including their shares in Baltic Beverages Holding) and the Norwegian companies Abba Seafood and Procordia Food.

In 1992 Orkla acquired half of the Egmont-Mortensen publishing house and incorporated this area into its subsidiary Orkla Media. The same happened in 2000 with the acquisition of the Danish media company Det Berlingske Officin (now Berlingske Media ).

As a result of the merger of the Norwegian companies Ringnes and Pripps with the Carlsberg Brewery , in which Orkla held 40% percent, Orkla sold its stake in the brewery in 2004.

In 2004 Orkla acquired SladCo and in 2005 Orkla acquired the Norwegian company Elkem . Two years later, the Orkla Media subsidiary was sold to Mecom , run by David Montgomery .

In October 2017 Orkla sold all shares in the previous 50/50 joint venture Sapa AS to its partner Norsk Hydro .

Shareholder structure

The three largest individual shareholders of Orkla ASA are Canica AS (the family office of Stein Erik Hagen ) with 18.97%, Folketrygdfondet ( Norwegian state pension fund ) with 7.87% and Tvist 5 AS (attributable to Stein Erik Hagen) with 4.91 % (As of December 31, 2015). Other shares are held by companies closely related to Stein Erik Hagens, so that a good 24% of the Orkla shares can be assigned to this group.

Subsidiary of the Orkla Group

Food sector

  • Abba Seafood
  • Bakers
  • crisps
    • KiMs
  • Collet Pharma
  • Felix Abba
  • Gothenburg's Kex
  • LaMote
  • Lilleborg
  • Peter Möller
  • Nidar
  • Nora
  • Odense Marcipan
  • Orkla Foods Denmark
    • Beauvais
    • Den Gamle Factory
    • Glyngøre
    • Pastella
  • Orkla Latvija (until 2019 Orkla Foods Latvija)
    • Ādažu Čipsi
    • Everest
    • Gutta
    • Laima
    • Latplanta
    • Pedro
    • Selga
    • Spilva
    • Staburadze
  • OWL
  • Procordia Food
  • SladCo
  • Bar buret
  • SSætre

Industrial sector

  • Borregård

Financial sector

Media sector

Furthermore was Orkla Media , a division of Orkla, of the 2006 Mecom Group was sold.

Individual evidence

  1. Group Executive Board
  2. ^ The Board of Directors
  3. a b Annual Report 2015
  4. Norsk Hydro - The acquisition of Sapa is complete , on www.hydro.com , accessed October 13, 2018
  5. Shareholders , orkla.com
  6. History of the company on orkla.lv (English).
  7. History of the company on laima.lv (English).
  8. History of the company on selgacepumi.lv (English).