Katjes, a German confectionery firm, has signed an agreement to acquire the Italian business of Swedish sweetmaker Cloetta for 450 million SEK ($53.4 million). Cloetta Italy employs 400 people across its four facilities in Italy and in 2016 had annual sales of 745 million SEK ($879 million). “This is a very good solution for all parties and follows Cloetta’s strategy to focus more on its business in North-Western Europe including …
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Cloetta
Cloetta, the Swedish confectionery firm, has announced that it is considering the closure of its Lonka factory in Dieren, Netherlands, as it looks to rationalize its production base. Cloetta cited “a highly competitive market” as factor in the proposed closure, which would see production shift to the firm’s plant in Levice, Slovakia. That site would be extended as part of the transfer, Cloetta added. The Dieren site is one of …
Cloetta, a confectionery maker active in the Netherlands, Italy and the Nordics and with presence in more than 50 countries, has signed an agreement to acquire 100% of the Dutch firm Locawo (Lonka) for SEK 295 million ($34 million). Lonka primarily produces and sells fudge, nougat and chocolate products. Approximately 50% of sales are branded and 50% are pick & mix sales and contract manufacturing. Lonka was established in the …
Cloetta Group has announced that it has acquired the Irish confectionery company Aran Candies. Aran Candies is mostwidely known as the manufacturer of The Jelly Bean Factory brand, which produce 36 varieties of Jelly beans. Cloetta has acquired 75% of the share of the Irish company for SEK140m ($21 million) with the remaining 25% to be acquired by 2016. “Jelly Beans are known as a product to consumers world-wide, and …
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