Locawo

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 …