Confectioners Cloetta, Leaf plan to join forces
The Scandinavian candy makers plan to merge to create a company with annual sales of around US$820m in a deal that the Leaf CEO said made "industrial and strategic sense".
In the spotlight: Cloetta and Leaf merger lauded by analysts
19 December 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.
Cloetta, Leaf mark latest stage in candy consolidation
16 December 2011
This time two years ago, the story in the industry was Kraft Foods' pursuit of Cadbury. We all know how that ended. Many industry watchers argued that deal would spark further consolidation in the confectionery sector but, since then, there has been an absence of major deals - until today.
SWEDEN: Confectioners Cloetta and Leaf to merge
16 December 2011
Swedish confectionery companies Cloetta and Leaf International today (16 December) announced plans to merge.
SWEDEN: Cloetta to sell non-confectionery brands
19 October 2011
Swedish confectioner Cloetta has said it is looking to offload its non-confectionery products as it reported a fall in annual profits.
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