Norwegian food group Orkla Foods has agreed to acquire 100% of the shares in TC Brød ApS, a family-owned Danish bakery business based in Krogager. The deal is being executed through Orkla Denmark, part of the Orkla Foods division.

TC Brød has operated for more than 35 years, concentrating on laminated dough and seasonal bake-off products for retail and foodservice customers in Denmark. In 2025 the company posted revenues of approximately DKK 116 million and employs around 30 people.

The acquisition is intended to complement Orkla Foods' existing Danish bakery presence through Easyfood, which has built a position across both retail and foodservice channels. Because product overlap between the two companies is described as limited, the deal is expected to broaden the combined range rather than consolidate it. It also adds production capacity that Orkla Foods says can be used to support further growth.

At its 2025 Capital Markets Update, Orkla Foods CEO Aku Vikström outlined the company's strategy around what it terms "ten local diamonds", key local market positions sitting alongside frozen meals, sauces and dilutables as core growth platforms. Danish bakery, through Easyfood, is one of those positions.

"Bakery in Denmark is one of those areas, and TC Brød brings complementary capabilities that expand our offering and support further growth over time," Vikström said.

TC Brød will continue to operate as an independent entity under its existing management. Andreas Horsted Christensen, CEO of TC Brød, said the company's focus on quality and customer relationships had been central to its development, and expressed confidence that Orkla Denmark shared those values.

The purchase price has not been disclosed. Completion is expected by the end of Q2 2027, subject to approval from Danish competition authorities.

Orkla Foods operates across more than ten markets with around 5,300 employees and annual revenues exceeding NOK 20 billion. Around 80% of its sales come from brands that hold a number one or number two position in their respective categories. The parent company, Orkla ASA, is listed on the Oslo Stock Exchange.