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M&A Watch - Could Cloetta be takeover target?

With a new CEO at Cloetta, the European confectioner has already faced questions about its possible acquisition targets. However, Stefan Kir...

What could lie ahead for new Cloetta CEO?

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...

Dean Best | 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.

Dean Best | 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).

Dean Best | 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.

Sam Webb | 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.

Latest Interviews

Katy Askew | 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.

Latest News

Dean Best | 19 May 2016

Cloetta, the European confectioner, is to cut jobs at Swedish nut maker Nutisal.

Katy Askew | 21 Apr 2016

European confectionery group Cloetta booked an increase in first-quarter earnings this morning (21 April), boosted by the top-line contribution from acquisitions. 

Hannah Abdulla | 18 Feb 2016

Cloetta, the Sweden-based confectioner, saw revenue rise in the fourth quarter of 2015, helped by June's acquisition of Dutch fudge maker Locawo, but challenges in Italy hit organic sales.

Katy Askew | 20 Nov 2015

Confectionery group Cloetta has put forward plans to close a factory in the Dutch town of Dieren by the end of 2016. 

Hannah Abdulla | 13 Nov 2015

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.

Hannah Abdulla | 10 Nov 2015

Swedish confectioner Cloetta has reported an increase in sales and profits for the first nine months of the year.

Katy Askew | 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.

Katy Askew | 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.

Dean Best | 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.

Hannah Abdulla | 11 May 2015

Newly-appointed Cloetta CEO David Nuutinen has said local acquisitions will form part of his plans to grow the European confectioner.

Hannah Abdulla | 11 May 2015

Confectionery company Cloetta has appointed David Nuutinen as president and CEO of the company.

Dean Best | 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.

Hannah Abdulla | 16 Feb 2015

Cloetta is to cut its workforce in Italy by 30 staff on the back of weak sales in the country.

Dean Best | 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.

Dean Best | 2 Jan 2015

Goody Good Stuff, the UK-based free-from confectioner owned by Cloetta, has secured listings at three major US retailers.

Katy Askew | 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.

Dean Best | 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.

Dean Best | 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.

Dean Best | 4 Jul 2014

Cloetta is set to run the pick-and-mix stands at Sweden's second-largest grocer, Coop.

Hannah Abdulla | 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.

Hannah Abdulla | 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.

Dean Best | 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.

Katy Askew | 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.

Company research

Cloetta Sverige AB in Packaged Food (Sweden)

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...

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Netherlands Food and Drink Report Q4 2015

Netherlands Food and Drink Report Q4 2015

Business Monitor International's Netherlands Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulato...

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This report analyzes the worldwide markets for Confectioneries in US$ Million by Product Segments....

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