Credin Portugal, a wholly owned subsidiary of Orkla Food Ingredients (“OFI”), has acquired 100% of the shares in Decorgel. The company will be part of the Credin Group.

“Decorgel’s fruit fillings and creams will complement Credin Portugal’s product offering and the acquisition will enable further growth in the Spanish and French markets. Credin Portugal’s commercial team will also be better positioned to serve our customers through the addition of a new, high-quality assortment,” says Credin Portugal CEO Fernando Coelho.

For founder Francisco Miranda, the transaction represents the culmination of a carefully planned transition process, ensuring the continuity and growth of the company under new leadership.

“I would like to express my deepest gratitude to everyone who has been part of this journey of more than 20 years: to my colleagues, for their dedication and talent; to our customers, for their continued trust; and to our suppliers, for their loyal partnership and professionalism. I take with me the certainty that I am leaving behind a sustainable legacy, built with soul. I am fully confident that OFI — and Credin Portugal in particular — are the right choice to ensure an even more exciting future for the Decorgel family and all its partners."

Decorgel has 51 employees and is located near Porto. The company is recognised for their competence and quality fruit fillings and creams which are sold to industrial companies and distributors predominantly in Portugal, France and Spain. Decorgel has experienced strong growth in recent years and generated revenues of EUR 6 million in 2024.

The parties have agreed to keep the purchase price confidential.

About Orkla Food Ingredients

Orkla Food Ingredients (“OFI”) supplies ingredients to a broad range of customers in the bakery, ice cream and plant-based markets. The company has a leading position in Europe and a platform for growth in the United States. Important sales channels include industrial manufacturers, which primarily manufacture and supply products to the grocery channel; the Out of Home channel, for example through artisanal bakeries and ice cream kiosks; and direct sales to consumers. The biggest product categories are bread and cake improvers and mixes, yeast, marzipan, ice cream ingredients and margarine and butter blends.

About Credin Portugal

Credin Portugal, a part of the Credin Group, is one of the leading players in the Portuguese market for production and distribution of bakery and confectionery ingredients. The company has a strong footprint in the artisan and industrial market, serving more than 2,000 direct customers. Credin Portugal offers a broad product range, including an assortment of bread and cake mixes, margarine, glazes and gels, and fillings.