“Market Cap $8.66 B As of May 2014
At a Glance
- Industry: Conglomerates
- Founded: 1918
- Country: Norway
- CEO: Peter Ruzicka
- Website: www.orkla.com
- Employees: 16,756
- Sales: $5.62 B
- Headquarters: Oslo
#1892 Global 2000
- #1540 in Sales
- #1965 in Assets
- #1236 in Market value
Orkla ASA provides branded consumer goods and concept solutions to the grocery and out-of-home sectors. It also provides aluminum solutions and is engaged in financial investment sectors. The company operates its business through two segments: Branded Consumer Goods and Other Businesses. The Branded Consumer Goods segment consists of five sub segments: Orkla Foods, Orkla Confectionery & Snacks, OrklaHome & Personal, Orkla International and Orkla Food Ingredients. The Orkla Foods segment comprises food businesses in the Nordic region and the Baltics. The Orkla Confectionery & Snacks segment comprises branded goods businesses which serve the Nordic region and the Baltics as their home markets. The Orkla Home & Personal segment consists of Lilleborg, including detergents, toothbrushes and personal care products; Lilleborg Profesjonell, which provides full-range supplier of hygiene and cleaning solutions for the professional market; Axellus, including dietary supplements and health products; the Pierre Robert Group, which engages in the basic textiles in the grocery channel, and Jordan House Care, which engages in the painting tools. The Orkla International segment comprises branded consumer goods companies outside the Nordic region and the Baltics. The Orkla Food Ingredients segment supplies bakery ingredients. The Other segment operates through four sub segments: Sapa Heat Transfer, Orkla Eiendom, Hydro Power and Jotun. The Sapa Heat Transfer segment supplies solutions for the heat exchanger industry, and specializes in rolled, welded and extruded solutions for aluminium-based heat exchanger applications. The Orkla Eiendom segment engages in real estate development and the sale of properties. The Hydro Power segment consists of power plants. The Jotun segment is engaged in manufacturing of paints and powder Coatings. The company was founded on February 2, 1918 and is headquartered in Oslo, Norway.“
Here is an overview of milestones and major events in the history of Orkla.
2010 – Peter A. Ruzicka takes over as Group President and CEO.
2013 – The Orkla Branded Consumer Goods business area is re-organised into five units: Orkla Home & Personal, Orkla Confectionery & Snacks, Orkla Foods, Orkla International and Orkla Food Ingredients.
2012 – Åge Korsvold takes over as Group President and CEO. Orkla enters into agreements to acquire Norwegian branded consumer goods companies Jordan and Rieber & Søn. Borregaard is divested and listed on the Oslo Stock Exchange.
2011 – Orkla announces that its strategic focus will be on creating growth in its branded consumer goods operations. Sale of Elkem to China National Bluestar Group Co., Ltd (Bluestar). Sale of most of Orkla’s share portfolio and certain other non-core assets.
2010 – Bjørn M. Wiggen takes over as Group President and CEO. Sale of Orkla’s forest companies Borregaard Skoger AS, AS Børresen and Borregaard Vafos AS.
2009 – Swap of assets between Alcoa and Orkla where Orkla receives Alcoa’s ownership interest in Sapa Profiler, and Alcoa receives Orkla’s ownership interest in Elkem Aluminium.
2008 – The Orkla Branded Consumer Goods business area is co-ordinated in terms of management and organisation. The new business area is given the name Orkla Brands and is divided into four business units, each with its own Managing Director. Each business unit reports to Executive Vice President Torkild Nordberg who has general responsibility for the reorganised Orkla Brands.
2007 – A deal with Good Energies Investment and Q-Cells makes Orkla the largest owner of Renewable Energy Corporation (REC) with 39,99 % of the shares. Orkla acquires MTR Foods in India.
2006 – Orkla Media is sold. Orkla acquires Dansk Droge and the Russian chocolate company Krupskaya.
2005 – Orkla takes over Elkem/Sapa and Chips Abp. Dag J. Opedal takes over as Group President and CEO.
2004 – Carlsberg Breweries sold. Orkla buys SladCo, a leading Russian manufacturer of chocolate, biscuits and confectionery products.
2001 – Finn Jebsen takes over as Group President and CEO.
2000 – Orkla enters into a joint venture with Carlsberg A/S and acquires a 40 % interest in Carlsberg Breweries. Orkla Media purchases the Danish media group Det Berlingske Officin. The sale of NetCom shares yields a gain of NOK 2,239 million.
1997 – Orkla Beverages increases its focus on Eastern Europe by acquiring an interest in Baltic Beverages Holding. Pripps Ringnes is now wholly owned by Orkla.
1995 – Orkla takes over the food manufacturing companies Procordia Food and Abba Seafood in Sweden. The Swedish brewery Pripps and the Norwegian brewery Ringnes merge and are jointly owned by Orkla and Volvo. Orkla invests heavily in Russia through Baltic Beverages Holding.
1992 – Orkla Media and Norske Egmont establish the magazine company Hjemmet Mortensen.
1991 – A merger with Nora Industrier lays the foundation for focus on the Nordic branded consumer goods sector.
1987 – Mining operations at the Løkken Works are closed down at the end of the afternoon shift on 10 July.
1986 – Orkla and Borregaard merge and form Orkla Borregaard. The company’s core businesses are branded consumer goods, chemicals and financial investments.
1984 – Orkla invests heavily in the media sector, purchasing the publishing company Ernst G. Mortensens Forlag.
1981 – Orkla and Outokumpu enter into a 50/50 joint-venture over the mining operations at Løkken Verk.
1979 – Jens P. Heyerdahl d.y. becomes the Managing Director of Orkla Industrier.
1977 – Orkla becomes a fully Norwegian-owned company when Skandinaviska Enskilda Banken sells its shares. Financial Investments become a separate business division.
1975 –Orkla establishes an office in Oslo with a view to expanding the company’s industrial platform.
1941 – Orkla Industrier begins to build its investment portfolio.
1931 – The smelting plant in Thamshavn starts up operations, based on the sulphur extraction process developed by Orkla.
1929 – Orkla becomes a listed company.
1913 – Marcus Wallenberg sr. of the Swedish family of financiers becomes Chairman of the Board of Directors.
1908 – HRH King Haakon opens the Thamshavn railway, Norway’s first electric railway.
1904 – Orkla Grube-Aktiebolag is established to continue mining operations at Løkken Verk.
1898 – Christian Thams starts planning industrial-scale mining operations. Chr. Salvesen & Chr. Thams’s Communications Aktieselskab is founded to build a railway from the mine to the port.
1845 – The last copper ore is smelted, and in 1851 the transition is made to pyrite and new operations.
1760 – The last royally appointed director of the Løkken Works, Hans Rasmussen Müller, dies.
1705 – Norwegian citizens become main partners.
1654 – First pyrite mining operations at Løkken Verk. “
*Information from Forbes.com and Orkla.com
**Video published on YouTube by “Daniel Bjorkefors“