Dellia Group Evaluates Strategic Options Amid Rising Interest in Its Fruit‑Snack Portfolio

Norwegian snack manufacturer Dellia Group announced that it is evaluating strategic alternatives following interest from several potential acquirers.

In an Oslo stock exchange filing, the dried‑fruit snack maker disclosed that its board has appointed Pareto Securities as a financial adviser and intermediary to assess strategic alternatives aimed at maximizing shareholder value and to support the preparation and execution of any resulting transactions.

Dellia, owner of the Sunshine Delights brand, said the review will examine a wide range of strategic and financial options, including a sale of the company or its assets, a merger, a capital raise, or a strategic partnership.

The substantial volume of interest prompted the board to determine that a structured process would best serve the interests of both the company and its shareholders, according to the filing.

The company cautioned that there is no certainty the review will culminate in a transaction, and it provides no assurance regarding the timing or terms of any potential deal.

The announcement follows a period of financial growth for the company, which serves European markets—including the UK, Denmark, France, and Germany—and also China.

In the first quarter of fiscal 2026, Dellia reported revenue of Nkr214.4 million ($21.9 million), representing a 76.3% increase over the same quarter of the prior year.

The company attributed the growth to expanded distribution, new product launches, and enhanced product visibility.

Operating profit for the quarter reached Nkr20.4 million, a 32.4% increase from the previous year.

Announcing the results in May, the group reported that all operating segments achieved solid growth, led by the Nordic region, with growth driven primarily by improved distribution, greater store presence and in‑store visibility, as well as higher unit sales from an expanded product portfolio and existing offerings.

Net profit rose 42% to Nkr14.3 million.

In the 2025 fiscal year, Dellia recorded revenue of Nkr638.3 million, up from Nkr266 million in the prior 12 months.

Full‑year operating profit increased to Nkr74.5 million from Nkr12.6 million, and net profit reached Nkr49.2 million, compared with Nkr6.8 million the previous year.

In December, Dellia entered into an agreement to acquire Kirirom Food Production, its principal supplier of dried‑fruit products.

Founded in 2013, Kirirom sources its raw materials through a combination of its own farming operations, contract farming arrangements, and purchases from cooperatives.

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