On December 16, 2022, an agreement was signed to sell Khell-Food Kft, the market leader in the production of sandwiches in Hungary, to Orkla Foods Europe a Norway-based company.
Founded in 1992 and currently employing more than 160 people, Khell-Food Kft. is a leader in the production of fresh sandwiches in Hungary. Products are manufactured in its modern production facility in Budaörs, and are sold through its own nationwide cold-distribution network, mainly to fuelling stations and food retail chains. About 70 percent of the company’s products are sold under the Khell-Food brand.
Orkla Foods Europe, headquartered in Norway, is a leading consumer goods company, currently operating in 10 countries with approximately 6,500 employees and annual sales of NOK 17.3 billion in 2021.
The acquisition of Khell-Food will be made through Orkla Foods Česko a Slovensko, part of Orkla Foods Europe. The acquisition will enable Orkla to achieve further growth within the Out of Home channel, in line with its strategy of successfully operating similar product lines in the Czech Republic and Slovakia.
The agreement has been approved by the Hungarian authorities and the transaction has been closed in February 2023.
Concorde MB Partners was the exclusive transaction advisor of the seller.
