With a new CEO at Cloetta, the European confectioner has already faced questions about its possible acquisition targets. However, Stefan Kir...
Cloetta CEO Bengt Baron is handing the reins to the boss of its Finnish unit, David Nuutinen, after six years at the top of the European con...
| 18 Jul 2014
As the dust settles after Cloetta's merger with Leaf, the company does face a battle eking out growth in its key markets. However, it has set its sights on small, bolt-on deals in niche categories, rather than pushing the boat out and setting sail for growth in emerging markets.
| 24 Aug 2012
Consumers must take on the increase in commodity costs faced at Swedish confectionery giant Cloetta, its chief executive insisted today (24 August).
| 22 Dec 2011
A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.
| 19 Dec 2011
"This transaction makes industrial and strategic sense." So said Leaf International CEO Bengt Baron when on Friday he announced the Swedish confectioner's plans to merge with local rival Cloetta. The initial reaction from analysts is much the same. As Sam Webb reports, industry watchers believe the combined company will benefit from the increased number of markets in which it operates and a greater ability to deal with volatile commodity costs.
| 4 Jun 2014
Cloetta announced plans to take control of Aran Candy, a company that manufactures up-market brand The Jelly Bean Factory, last week. Aran co-founder and MD Richard Cullen - who will continue to head up the business following the acquisition - tells just-food that he expects the change of ownership to take The Jelly Bean Factory's growth trajectory to the next level.
| 17 Jul 2015
Cloetta has inked a deal to acquire Locawo, a Dutch manufacturer of fudge, nougat and chocolate under the Lonka brand, in a move the confectioner said will “significantly” strengthen its position in the Netherlands.
| 17 Jul 2015
Chinese food group Beingmate and Yurun Food this week issued profit warnings as the economic slowdown in the country takes its toll on food makers. In the UK, Hilton Food Group was hampered by the strength of sterling but, on a more upbeat note, UK cake maker Finsbury Food Group said it will "outperform" expectations. Here are this week's results in brief.
| 15 May 2015
Mars raised eyebrows in the US with support for calls for nutrition labels in the country to contain information on added sugar. Nestle has seen its infant formula production in South Africa hit by the country's power problems. And European confectioner Cloetta, the company behind brands like Chewits and Sportlife, announced CEO Bengt Baron had decided to step down.
| 11 May 2015
Newly-appointed Cloetta CEO David Nuutinen has said local acquisitions will form part of his plans to grow the European confectioner.
| 11 May 2015
Confectionery company Cloetta has appointed David Nuutinen as president and CEO of the company.
| 24 Apr 2015
First-quarter numbers came in from the likes of European confectionery Cloetta and Mexican business Gruma. The Irish Dairy Board, now known as Ornua, reported its full results for 2014. Here's our weekly round-up of companies' financial results.
| 16 Feb 2015
Cloetta is to cut its workforce in Italy by 30 staff on the back of weak sales in the country.
| 13 Feb 2015
The cycling of a tax benefit in 2013 meant Cloetta's net earnings fell in 2014 but the confectionery group booked higher operating profit thanks in the main to improved efficiency.
| 2 Jan 2015
Goody Good Stuff, the UK-based free-from confectioner owned by Cloetta, has secured listings at three major US retailers.
| 14 Nov 2014
The end of a period of "massive" restructuring, higher margins and the contribution of acquisitions to the top line enabled Cloetta to book "markedly" improved operating earnings in the third quarter.
| 18 Jul 2014
Cloetta CEO Bengt Baron today (18 July) told just-food the Sweden-based confectioner was ready to make more acquisitions - but was more likely to pounce in its existing markets than emerging economies.
| 18 Jul 2014
Cloetta CEO Bengt Baron said today (18 July) the confectioner's efforts to drive growth was "delivering results" with profits heading "in the right direction" after the company reported its second-quarter results.
| 4 Jul 2014
Cloetta is set to run the pick-and-mix stands at Sweden's second-largest grocer, Coop.
| 6 Jun 2014
Several major deals were struck this week including ABF's buy of Dorset Cereals and Cloetta's acquisition of Aran. Pilgrim's Pride upped its bid for Hillshire Brands. Elsewhere Cloetta has been accused of using "sneaky" marketing tactics to sell its sugary Chewits product. Mondelez on the other hand pulled its Bar and a Half product in a bid to reduce per person calorie intake.
| 3 Jun 2014
Cloetta and Kellogg's have both slammed allegations they used "sneaky" marketing techniques online and via social media which would ultimately be disallowed on TV.
| 2 Jun 2014
US meats group Hillshire Brands has this week turned from hunter to hunted. With its offer for Pinnacle Foods on the table, the Jimmy Dean sausages maker is the subject of two takeover bids from JBS-backed Pilgrim's Pride and then Tyson Foods, looking to boost their meat empires with higher-margin products. Elsewhere, Sweden-based confectioner Cloetta snapped up Ireland's The Jelly Bean Factory, Nestle and Fonterra revamped their venture in South America and R&R Ice Cream bought Australia's Peters Food Group.
| 28 May 2014
Cloetta plans to drive sales of The Jelly Bean Factory by feeding products into six European markets, the Sweden-based confectioner said today (28 May) after its acquisition of the brand's owner Aran Candy.
| 28 May 2014
Sweden-based confectionery giant Cloetta has acquired Ireland's Aran Candy, the company behind candy brand The Jelly Bean Factory.
| 25 Apr 2014
Costs associated with moves to restructure its manufacturing base have dented first-quarter profits at Swedish confectioner Cloetta.
| 14 Feb 2014
Cloetta CEO Bengt Baron today (14 February) praised the confectionery group's fourth-quarter results as the company beds down after the 2012 merger with Leaf and restructuring at the enlarged business.
| 9 Dec 2013
Cloetta has struck a deal to acquire dry roasted nut maker Alrifai Nutisal as part of its strategy to broaden its snacks line-up.
| 14 Nov 2013
Swiss confectioner Cloetta has booked an increase in operating profit during the third quarter, thanks to integration synergies and an improved outlook for the confectionery market.
| 19 Jul 2013
Swedish confectionery group Cloetta returned to profit in the first half but said the confectionery market in Europe remained "weak" in the quarter.
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