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...
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.
Consumers must take on the increase in commodity costs faced at Swedish confectionery giant Cloetta, its chief executive insisted today (24 August).
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.
"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.
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.
Confectionery group Cloetta has put forward plans to close a factory in the Dutch town of Dieren by the end of 2016.
This week, Orkla pledged zero-deforestation by 2020. Elsewhere, United Biscuits opened its first e-commerce store in China. just-food spoke to CEO of American Halal Co., Adnan Durrani following the firm's recent acquisition in the plant-protein space and Givesco Bakery acquired cake maker Almondy. Here is the week in quotes.
Swedish confectioner Cloetta has reported an increase in sales and profits for the first nine months of the year.
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.
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.
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.
Newly-appointed Cloetta CEO David Nuutinen has said local acquisitions will form part of his plans to grow the European confectioner.
Confectionery company Cloetta has appointed David Nuutinen as president and CEO of the company.
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.
Cloetta is to cut its workforce in Italy by 30 staff on the back of weak sales in the country.
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.
Goody Good Stuff, the UK-based free-from confectioner owned by Cloetta, has secured listings at three major US retailers.
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.
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.
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.
Cloetta is set to run the pick-and-mix stands at Sweden's second-largest grocer, Coop.
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.
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.
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.
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.
Sweden-based confectionery giant Cloetta has acquired Ireland's Aran Candy, the company behind candy brand The Jelly Bean Factory.
Costs associated with moves to restructure its manufacturing base have dented first-quarter profits at Swedish confectioner Cloetta.
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.
Cloetta AB - Company Capsule
Synopsis Canadean's "Cloetta AB - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and s...
Cloetta Sverige AB in Packaged Food (Sweden)
The company defines its stated strategic goals in terms of margin expansion, volume growth, cost efficiencies and employee development. Margin expansion and volume growth will see the company seek gro...
Cloetta Suomi OY in Packaged Food (Finland)
Cloetta Finland Oy is the daughter company of Cloetta AB and second biggest confectionery company in Finland in 2013. The company’s goal is to keep its strong foothold in the market as well as increas...
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