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  • ABOUT
    • Gama
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    • Innovation & Insight Reports
    • Gama Field Services
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  • CATEGORIES
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Locawo

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1 MIN READ

Netherlands: Cloetta acquires Lonka

July 17, 2015
-
Europe, Food, Mergers & Acquisitions

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 …

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