[6][7] As regulators in Finland, Norway and Sweden reviewed the proposal, they decided several brands would have to be divested to avoid unfair market dominance by the new company.

[13] Anora's deeper history, through its predecessors Altia and Arcus, can be traced back to some of the oldest Nordic spirits brands through a long series of mergers and acquisitions: In 1846, Isidor Henius founded a distillery in Aalborg, but it was not the only one in the city.

De Danske Spritfabrikker was established by Carl Frederik Tietgen who turned it into a publicly-traded company in 1881, which by 1923 owned all Danish distilleries.

After Prohibition in Finland started in 1919, the state acquired it to produce medicinal alcohol as a public utility under the name Valtion Alkoholiliike.

In 1999, production was spun off into Altia which was partially privatized, while Alko continues to this day as the sole retailer middleman in Finland for beverages with an ABV above 8%.

In the 2000s, Altia acquired a number of brands of cognac and other distilled spirits in Denmark, Sweden, Latvia, Estonia and France.

[21] During prohibition, the government established Vinmonopolet (literally Wine Monopoly) as the sole producer, importer and retailer of alcohol.

[27] Anora Group Plc was formed in 2021 as a result of a merger between Norwegian Arcus and Finnish Altia.

[29] The main products of Anora Industrial are technical ethanol, barley starch and heat transfer fluids.

Anora Industrial manufactures and sells clean and denatured ethanol products for corporate customers.