Orkla Food Ingredients, a supplier of bakery and ice cream ingredients in the Nordics and Baltics and a business arm of Orkla ASA, has bought Denali Ingredients, a privately-held provider of customized ingredients for the ice cream and frozen novelty industry.

Wisconsin-based Denali is a supplier of fudge, caramel, peanut butter, fruit sauces and other ingredients for the dairy, ice cream, bakery and food service industries. Denali Ingredients is a sister company to Michigan-based Denali Flavors, a developer and marketer of flavors for the ice cream industry.

“We are very pleased to become a part of OFI, and we look forward to continuing to assist our customers in their quest to innovate in the ever-changing food sector,” comments Neal Glaeser, president and CEO of Denali Ingredients.

Harris Williams advised Denali Ingredients in this transaction.