Orkla buys stake in Asian sauces firm Go-Tan

Orkla Foods has struck a woody to get a 40% involvement successful the Netherlands-based Asian sauces shaper Go-Tan.

Financial presumption of the woody were not revealed successful a connection from Nordic radical Orkla, which is headquartered successful Norway.

Orkla is buying the involvement from Go-Tan's founding family, who volition clasp bulk ownership and proceed to play an "active role" successful the business.

The woody is structured arsenic a "long-term concern and a shared ambition to physique the Go-Tan marque further", the radical said connected Friday (12 June).

It aligns with Orkla's planned strategy of "targeted" investments successful maturation platforms, specifically frozen meals, sauces, and dilutables, arsenic announced by CEO Aku Vikström astatine the 2025 Orkla Capital Markets day.

Vikström said: "This concern is good aligned with our strategy of investing successful and gathering maturation platforms with semipermanent worth instauration potential. Sauces are a halfway class for Orkla Foods, and Asian sauces correspond an charismatic maturation conception wrong this category."

In an earlier related transaction from different Orkla unit, its ingredients concern agreed to bargain Senna, the Austrian shaper of margarine, sauces and dressings, from Vivatis Holding successful February.

Meanwhile, Go-Tan runs 4 accumulation plants - 3 successful the Netherlands and 1 successful Hungary employing astir 250 people.

In 2025, the institution generated income of much than €92m ($106.9m) and EBITDA of much than €11m, according to the statement.

Orkla volition clasp a telephone enactment to get different 45% of Go-Tan successful 2030. The Norwegian radical would past ain 85% of the shares and the founding household 15%.

"Our teams volition soon statesman collaborating connected associated projects, and we are eagerly looking guardant to this travel together," Swan Bing Go, the CEO of Go-Tan, said.

Go-Tan was established by a Chinese-Indonesian household 72 years ago. It has a "strong" beingness successful the Netherlands, Finland and Norway, portion Spain, France, and Italy correspond the company's "fastest growing" markets, noted Orkla.

The Go-Tan woody is contingent connected customary regulatory approvals and is expected to adjacent successful the 2nd half.

It follows Orkla's May acquisition of UK biscuits supplier Phoenix Brands.

"Orkla buys involvement successful Asian sauces steadfast Go-Tan" was primitively created and published by Just Food, a GlobalData owned brand.