Cloetta

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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...


On the money: Steady as she goes at Cloetta

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.


Cloetta CEO looks to shoppers to bear cost hike

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).


2011 review: M&A activity misses expectations

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.


In the spotlight: Cloetta and Leaf merger lauded

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

Interview: Jelly Bean Factory to accelerate growth

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

Cloetta buys Lonka fudge maker Locawo

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.


Food industry results in brief - Hilton, Beingmate

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.


Food industry news of week: Mars, Nestle, Cloetta

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.


UPDATE: New Cloetta CEO eyes local acquisitions

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.


Cloetta promotes David Nuutinen to CEO

Hannah Abdulla | 11 May 2015

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


Results in brief: Ornua, Cloetta, Gruma

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.


Cloetta axes 30 jobs in Italy on sales weakness

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.


Cloetta feels benefit of efficiency drive

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.


Cloetta's Goody Good Stuff wins US listings

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.


Cloetta upbeat on earnings growth

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.


Cloetta CEO: M&A more likely in current markets

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.


Cloetta strategy "paying off" - CEO

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.


Cloetta attains Coop Pick and Mix contract

Dean Best | 4 Jul 2014

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


Quote, unquote: just-food's week in words

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.


Cloetta, Kellogg's deny "sneaky" marketing

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.


Editor's choice: highlights on just-food this week

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.


UPDATE: Cloetta to grow Jelly Bean in Europe

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.


Cloetta snaps up The Jelly Bean Factory

Dean Best | 28 May 2014

Sweden-based confectionery giant Cloetta has acquired Ireland's Aran Candy, the company behind candy brand The Jelly Bean Factory.


Restructuring weighs on Cloetta Q1

Katy Askew | 25 Apr 2014

Costs associated with moves to restructure its manufacturing base have dented first-quarter profits at Swedish confectioner Cloetta.


Cloetta "on right track", says CEO

Dean Best | 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.


Cloetta broadens portfolio with Nutisal buy

Katy Askew | 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.


Cloetta profits rise on synergies

Katy Askew | 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.


Cloetta returns to H1 profit

Michelle Russell | 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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