Karl Fazer AB has revealed that it is eyeing acquisition targets in the Swedish bakery and catering sector.
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Last year, the group posted pre-tax profit of SKr366m, on sales of SKr6.2bn, and CEO Hans-Olof Danielsson commented recently: “We have no debt.”
“If something good pops up, we can spend SKr 2–3bn and still have an equity/assets ratio of 45%,” he added.
The successful Finnish group currently operates as three companies; Fazer Bageri, catering firm Amica and confectionary company CandyKing.
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