Oriola has more than 100 years’ experience in the pharmaceutical wholesale markets of Finland, Sweden, Russia and the Baltic countries. Its wholesale operations in Sweden were begun in 1907, and in 1948 the Finnish company Oriola Oy was founded. Oriola’s Baltic wholesale operations were started in the 1990s and its Russian wholesale operations in 1996. The company has gone through major changes to become a single, strong Oriola wholesale brand.
Pharmaceutical wholesale operations started in Sweden - Kronans Droghandel AB was founded.
Oriola was founded in Finland as part of the Orion Group under the name Apteekkitavarakauppa Oriola Oy with the purpose of importing, selling and distributing pharmaceuticals and other chemical products as well as sanitary goods and other closely related products.
Oriola Oy’s Medical Products department began operations in Finland.
Sweden’s pharmacies were nationalized and the pharmacy market became a monopoly. Kronans Droghandel AB continued to distribute pharmaceuticals to pharmacies.
The Laboratory Supplies department started up in 1972 in Finland. Hammasväline Oy, a dental supplier, became a wholly-owned Oriola Oy subsidiary in 1974. In 1979 Oriola Oy entered the X-ray business.
Oriola started wholesaling operations in Estonia in 1990 and was the first Finnish pharmaceutical wholesaler in the Baltic countries. It was granted full wholesale rights in Estonia in 1993. Operations were started in Lithuania in 1994 and in Latvia in 1995.
Wholesale operations were started in Russia in 1996 when OOO Moron was founded.
Oriola became a part of Oriola-KD after the demerger of Orion Group. Orion acquired a majority holding in Sweden’s second-largest pharmaceuticals distributor, Kronans Droghandel AB, and Oriola and Kronans Droghandel were combined. The deal made Oriola-KD the leading player in the pharmaceuticals wholesale trade in Finland and Sweden as measured by market shares at the time.
Oriola-KD and Lifco AB created a joint company, and 70 per cent of Oriola-KD’s dental business was sold to Lifco. Oriola Oy’s Laboratory Supplies department, Medical Products department and X-Ray business were combined to form the Healthcare Trade business.
Oriola-KD entered the Russian market and acquired the pharmaceutical retail and wholesale companies Vitim and Moron.
Sweden’s pharmacy monopoly was deregulated. Wholesale operations in Sweden continued under the name KD Pharma.
Oriola-KD entered the Swedish pharmacy market by acquiring a nationwide pharmacy chain. The pharmacy chain is named Kronans Droghandel. The Healthcare Trade business was sold to Mediq N.V. Oriola-KD acquired the OOO 03 Apteka pharmacy chain in Moscow. The remaining Dental Trade business was sold to Lifco AB.
KD Pharma in Sweden and Moron in Russia were rebranded under Oriola.
Oriola-KD acquired Swedish pharmacy chain Medstop. Medstop and Kronans Droghandel were integrated into a single pharmacy chain, Kronans Apotek.