View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 31, 2018

Carambar & Co enters exclusive merger talks for confectionery counterpart Lutti

France-based confectionery producer Carambar & Co. has entered exclusive talks with German group Katjes International over a possible merger with its Lutti brand.

France-based confectionery producer Carambar & Co. has entered exclusive talks with German group Katjes International over a possible merger with its Lutti brand.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

The negotiations are being conducted through Carambar’s holding company CPK, which was set up in May last year following the 2016 acquisition by French investment firm Eurazeo of a clutch of brands owned by confectionery giant Mondelez International, including Poulain, Carambar, Krema, La Pie Qui and Terry’s. It also included the licences for Pastilles Vichy and Pralines Suchard et Malabar. 

Meanwhile, Carambar is home to around ten chocolate and confectionery brands.

“The combined entity will become one of France’s leading players in the confectionery sector, present in all segments of the market,” CPK said in a statement. “The complementarity and renown of the Carambar and Lutti brands, and the proactive strategy of the new group, will be key assets in anticipating the future direction and development  of the confectionery and chocolate market and in strengthening the position of these excellent and well-established brands in France and Europe.”   CPK is looking to complete the deal at the end of the year after conducting consultative talks with staff representatives at the two companies. The merger is still subject to regulatory approvals.

According to French media reports, Carambar and Lutti generated annual turnovers of around EUR200m (US$233.6m) and EUR115m, respectively. Each comands respective market shares in the French confectionery market of 17% and 12%, lagging behind Haribo’s 40%.

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food