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 …