Orkla, a Norwegian conglomerate, agreed to acquire an 84% stake in Denali Ingredients, an ice cream ingredients business in the USA, for $168m. “The acquisition of Denali Ingredients is a significant and natural step for OFI into the market for ingredient solutions for the US ice cream industry. The food ingredients sector is fragmented with significant potential for further consolidation and growth. Based on these opportunities we will now initiate a process to seek a long-term partner for OFI to accelerate growth and value creation," Nils K. Selte, Orkla President and CEO.