On 31st March 2017 NIC Enterprises Limited (NIC) acquired a majority ownership of Orchard Valley Foods Limited (OVF). Mike Forrester and Cherry Blumberg remain as shareholders, and also become board directors of NIC, with Cherry remaining as Managing Director of OVF in a very much “business as usual” arrangement.
NIC currently owns three other companies in the UK all involved in the supply of decorations, inclusions, wafers, cones and other consumables mostly to the ice cream industry via food service and retail. There are a number of other NIC companies based in Europe including Candeco in Sweden which is a long term business partner for Orchard Valley Foods.
NIC is part of Orkla Food Ingredients within the Orkla group, head quartered in Oslo, Norway.
OVF shareholders welcome the fact that synergies between the group companies in both the UK and internationally are likely to bring new opportunities to OVF at Tenbury and Leominster. Some of these have already been identified and work is underway to transfer business to OVF. Leominster is likely to become the distribution point for the group into the Midlands, North England and Wales. OVF makes up half of the sales of the combined NIC UK businesses and bring experience to the group of working with food manufacturers.