Norway snacks business Dellia Group said it is assessing “strategic alternatives” after attracting buying interest from “several” parties.
In a stock exchange filing in Oslo, the dried fruit-snacks maker said its board has appointed Pareto Securities as a financial adviser and intermediary to “evaluate strategic alternatives aimed at maximising shareholder value, and to assist in preparing and executing any potential transactions resulting from this process”.
Dellia, which owns the Sunshine Delights brand, said the “review will consider a broad range of strategic and financial alternatives” such as the “sale of the company or its assets, a merger, a capital raise, and a strategic partnership”.
The volume of incoming interest led the board to conclude that a structured process would be in the best interests of both the company and its shareholders, according to the filing.
The company also cautioned that there is no certainty the review will lead to a transaction, and no assurance on the timing or terms of any deal if one is pursued.
Dellia’s announcement follows a period of financial growth for the company, which supplies markets in Europe such as the UK, Denmark, France and Germany, as well as China.
In the first quarter of fiscal 2026, Dellia recorded revenue of Nkr214.4m ($21.9m), marking an increase of 76.3% from the corresponding quarter in the previous year.
The company linked the rise to increasing sales from broader distribution, new launches and improved product visibility.
Operating profit in the quarter came to Nkr20.4m, up 32.4% from a year earlier.
Announcing the results in May, the group said: “All operating segments had solid growth, with Nordics being the main contributor. The primary drivers for the growth were mainly improved distribution, store presence and in-store visibility and increased units sold from both broader product portfolio and existing products.”
Net profit for the period increased 42% to reach Nkr14.3m.
In the 2025 financial year, Dellia posted revenue of Nkr638.3m, against Nkr266m in the previous 12 months.
Operating profit for the full year climbed to Nkr74.5m from Nkr12.6m. Net profit totaled Nkr49.2m versus Nkr6.8m.
In December, Dellia agreed to buy Kirirom Food Production, its main supplier of dried fruit products.
Kirirom, founded in 2013, sources its raw materials through a mix of its own farming, contract farming arrangements and purchases from cooperatives.
“Dellia Group mulls options after interest in fruit-snacks firm ” was originally created and published by Just Food, a GlobalData owned brand.