Orkla to close Dragsbaek pasta factory in Denmark

Group 1 - Orkla plans to close its pasta factory in Skovlund, Denmark, starting next year, which currently produces pasta for the Dragsbæk brand and employs around 20 people [1][2] - The production from the Skovlund site will be moved to external partners, and all other production in Orkla Denmark will continue unchanged [2][3] - Orkla's Indian unit is launching an initial public offering (IPO) after receiving regulatory clearance, and earlier this year, Orkla sold its 49% stake in Eace Gum, a functional chewing gum start-up [4]