UK/DENMARK: Cadbury Schweppes acquires Dandy’s chewing gum brands
Cadbury Schweppes plc announced today that it has acquired 100% of the branded chewing gum business of Dandy from the Bagger-Sørensen family in Denmark for £201m (US$307.9m). Dandy is the fourth largest chewing gum manufacturer in the world. Combined with Cadbury Schweppes' existing chewing gum businesses, this acquisition makes Cadbury Schweppes the second largest player in the European chewing gum market, with No 1 positions in France, Denmark, Belgium and Switzerland and No 2 positions in Russia, Sweden, and the Netherlands. Cadbury Schweppes also has leading positions in several other markets, most notably Turkey, Argentina and China.
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