Go to deals
Food & Beverage

Felix Abba/Orkla Group has acquired Kalev Chocolate Factory

Nordic food manufacturer Felix Abba has acquired the Estonian confectioner Kalev Chocolate Factory (Kalev) from the Estonian holding company Luterma AS. Under the agreement, Felix Abba took over a 100% share in Kalev Chocolate Factory, including the factory in Jüri near Tallinn, all production equipment and the related trademarks. Financial details have not been disclosed.

Felix Abba is one of Finland’s leading food manufacturers, and a member of the Orkla Foods Fenno-Baltic division, which is part of the Norwegian Orkla Group. The Orkla Group operates in the branded consumer goods, aluminum solutions, materials and financial investment sectors.

Clas Goran Hagstrom, Managing Director of Orkla Foods Fenno-Baltic said that the acquisition was an important step in the expansion of Orkla Foods' confectionery business, giving it good growth and value creation possibilities in the Estonian market and providing a platform for expanding its confectionery business in Finland and the Baltic region.

Kalev is the leading chocolate and sugar confectionery company in Estonia, with more than 200 years of history.

Oaklins' team in the Baltic region originated the deal and assisted Felix Abba/Orkla Group throughout the acquisition process.

Parties

Talk to the deal team

 Heikki  Källu

Heikki Källu

Partner
Tallinn, Estonia
Oaklins Baltics

Related deals

Eurocebollas has been sold to Portobello Capital
Private Equity | Food & Beverage

Eurocebollas has been sold to Portobello Capital

Nazca Capital has sold a 45% stake in Eurocebollas to Portobello Capital.

Learn more
Ducs de Gascogne has been sold to the Bio Conquête group through French Gourmet Food
Food & Beverage

Ducs de Gascogne has been sold to the Bio Conquête group through French Gourmet Food

The shareholders of Ducs de Gascogne have sold the company to the Bio Conquête group through French Gourmet Food.

Learn more
Coca-Cola Embonor has raised funds through a corporate bond issuance
Food & Beverage

Coca-Cola Embonor has raised funds through a corporate bond issuance

Coca-Cola Embonor has raised funds through the placement of corporate bonds for a total of UF 2,500,000 in the local capital market, equivalent to approximately US$ 112 million.

Learn more