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M&A Watch - Could Cloetta be takeover target?

26 May 2015

With a new CEO at Cloetta, the European confectioner has already faced questions about its possible acquisition targets. However, Stefan Kirk, just-food M&A columnist and advisor at Glenboden, believes the company could itself be on the radar.

On the money: Steady as she goes at Cloetta

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.

SWEDEN/UK: Cloetta buys UK free-from candy firm Goody Good Stuff

21 May 2013

European confectionery group Cloetta has snapped up Goody Good Stuff, a small UK producer of natural, free-from candy.

SWEDEN: FY losses up but confectioner Cloetta claims progress

15 Feb 2013

European confectioner Cloetta saw its losses widen in 2012 thanks to the merger that formed the company last year but it reported improved profits in the fourth quarter.

SWEDEN: Cloetta CEO Baron claims progress in Q3

16 Nov 2012

A third-quarter profit meant Sweden-based confectioner Cloetta has made a "step in the right direction", its chief executive said today (16 November).

On the money: Cloetta CEO looks to shoppers to bear cost hike

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).

SWEDEN: Merger, commodity costs hit Cloetta results

24 Aug 2012

Swedish confectioner Cloetta has today (24 August) reported higher half-year losses, hit by higher commodity costs but also its merger with rival Leaf International.

SWEDEN: Confectioner Cloetta to close three plants

8 Mar 2012

Swedish confectioner Cloetta has started to streamline its operations following its merger with Leaf International, resulting in the closure of five facilities and 345 jobs being cut.

BELGIUM: Cloetta sells unit to Katjes in wake of Leaf merger

22 Feb 2012

Cloetta, the Sweden-based confectionery giant, has decided to sell a distribution unit in Belgium to German rival Katjes International.

SWEDEN: Confectioners Cloetta, Leaf complete merger

16 Feb 2012

Sweden-based confectioners Cloetta and Leaf International have completed their merger, which will create a company generating annual sales of SEK5.7bn (US$843.5m).

SWEDEN: Cloetta reports 41% fall in profits

13 Feb 2012

Swedish confectioner Cloetta suffered a loss in the first fourth months of its fiscal year as a result of lower sales and increased marketing expenditure.

2011 in review - M&A activity fails to meet expectations

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 by analysts

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.

SWEDEN: Confectioner Cloetta reports fall in Q1 profits

19 Dec 2011

Swedish confectioner Cloetta, which on Friday announced plans to merge with local rival Leaf International, today reported a fall in quarterly profits.

Editor's choice: the highlights on just-food last week

19 Dec 2011

Industry watchers have forecast further consolidation in the confectionery sector but there has been an absence of major deals in 2011 - until today, when Scandinavian candy makers Cloetta and Leaf International announced plans to merge. Elsewhere in Europe this week, Carrefour tabled a bid to buy French franchise partner Guyenne et Gascogne. Findus Group's French operations, meanwhile, grabbed the headlines with news that private-equity owner Lion Capital ended talks to sell the business to rival buy-out house Permira. And Diamond Foods' deal to buy snacks brand Pringles looks uncertain amid news that the SEC is to investigate crop payments made at the company.

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

19 Dec 2011

This week, Swedish confectionery companies Cloetta and Leaf International revealed plans to merge. Elsewhere, Carrefour announced plans to buy its French retail franchise partner Guyenne et Gascogne and on this side of the Channel, Premier Foods sold off another division, this time in Ireland to The Boyne Valley Group.

SWEDEN: Confectioners Cloetta and Leaf to merge

16 Dec 2011

Swedish confectionery companies Cloetta and Leaf International today (16 December) announced plans to merge.



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