German confectioner Katjes International is confident it will improve Lamy Lutti’s performance following its acquisition of the French candy firm.
Last week, Katjes completed its takeover of Lamy Lutti after launching a EUR30m (US$42.2m) bond to finance the purchase of the remaining 33.3% of the company, increasing its stake to 100%.
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Katjes says it will use its knowledge and enhanced purchasing power to move Lamy Lutti, which produces fruit gum, hard candy and chocolate, forward.
A company spokesman said: “A combination of Katjes International and Lamy Lutti offers significant synergies in our view. Our goal is to take full advantage of this opportunity and to further improve the performance of Lamy Lutti, particularly now that we are the sole owner of the business.
“Our strategy in acquisitions is typically three-fold, to achieve purchasing synergies, improve the operating performance based on our know-how of the sugar confectionery market and achieve top-line synergies.”
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The spokesman added that if any Lamy Lutti products are to be sold in Germany, it would fall under one of the brands in the Katjes’ Germany portfolio – and vice versa – in order to benefit from the strong regional brand names of the companies.
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By GlobalDataKatjes International is the international confectionery arm of Germany’s Katjes Group. The group has two other subsidiaries – Katjes Fassin, which focuses on Germany’s confectionery market and Katjesgreenfood, a division set up to invest in fledgling businesses.
