Zurich, 19 May 2014
Fredag AG, a subsidiary of ORIOR, the leading Swiss provider of fresh convenience food and refined meats, has acquired the organic tofu specialist Noppa AG, based in Rüti (Canton Zurich), with retrospective effect from 1 May 2014.
Noppa AG is a leading Swiss producer of premium organic tofu. The company, which is ten years old, uses around 150 tonnes of organic soya every year to make high quality, great tasting tofu specialities. Its founders, Noppa and Jörg Helbling, will be joining the ORIOR team. The company's production facility in Rüti (Canton Zurich) will continue to operate with its 15 employees. The parties have agreed not to disclose the purchase price.
This addition to its portfolio increases ORIOR's competence in the vegetarian market. Noppa AG's product portfolio and customer base will bolster ORIOR's strong positioning in the fast-growing market for vegetarian convenience products.
Change in the Management Board
With the completion of this transaction Stefan H. Jost, Head of International, New Business and Exports and a Member of the Management Board of ORIOR AG, will be leaving during the summer after four successful years at the company to take up a new challenge.