Nordic confectionery company Orkla Snacks has reached an agreement to acquire 100 per cent of the shares in The European Candy Group B.V. (CCI), a European manufacturer of vegan sugar confectionery.
The transaction assigns CCI an enterprise value of €207 million on a cash- and debt-free basis. The selling group comprises funds managed by private equity firm Bencis Capital Partners alongside CCI management shareholders.
The acquisition is structured to provide Orkla Snacks with additional processing infrastructure to support the ongoing growth of its BUBS confectionery brand across Nordic markets, while establishing manufacturing capacity to accelerate expansion across continental Europe.
Production Capacity and Performance
CCI has served as a co-manufacturing partner for selected BUBS confectionery lines since 2025. The company operates four manufacturing facilities, including three plants in the Netherlands and one site in Germany.
Key operational metrics and financial forecasts for the transaction include:
💶 Enterprise Valuation: €207 million on a cash- and debt-free basis.
📈 Revenue Forecast: Projected to generate approximately €110 million in revenue during 2026, up from €94 million reported in 2025.
📊 Earnings Profile: Expected to deliver an adjusted EBITDA of approximately €21 million for the 2026 financial year.
🏭 Manufacturing Infrastructure: Four production plants across the Netherlands and Germany, backed by a workforce of more than 300 employees.
Ingvill T. Berg, Chief Executive Officer of Orkla Snacks, stated that the transaction aligns with the company's regional growth framework, adding that integrating CCI's manufacturing capability and retailer distribution network will strengthen Orkla Snacks' European footprint and support BUBS' entry into new geographical markets.
Portfolio Integration
Following completion of the deal, Orkla Snacks plans to maintain CCI's core private-label and branded supply agreements while progressively reallocating production lines to increase BUBS output for high-demand export channels.
Based in Drachten, the Netherlands, CCI manufactures private-label confectionery, liquorice, and sugar-free items for grocery, pharmacy, and online retail networks across Europe.
The transaction remains subject to customary regulatory approvals and mandatory consultation with Dutch works councils. Closing is anticipated toward the end of the third quarter or early in the fourth quarter of 2026.
Orkla Snacks: Operating as a portfolio company of Norwegian investment major Orkla ASA, Orkla Snacks holds market positions across confectionery, biscuits, and salty snacks in the Nordic and Baltic regions. The enterprise reported total turnover of NOK 10.5 billion in 2025.
Orkla ASA: Headquartered in Oslo and listed on the Oslo Stock Exchange, Orkla ASA operates as an industrial investment company managing ten consumer-oriented portfolio businesses. The group recorded annual turnover of NOK 71.5 billion in 2025.
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