Sweden-based ingredients supplier Bayn Europe has acquired another confectionery business, buying contract manufacturer Koppers Candy Sweden.
Bayn has struck a deal to pay US$847,000 for Koppers, which manufactures sugar-reduced sweets. Koppers’ customers include Tweek, the low-sugar brand Bayn Europe snapped up earlier this summer.
“The acquisition of Koppers is a natural step for us in the process of gaining control over the entire value chain and ensuring that we are at the forefront of our product development,” Bayn Europe vice president and M&A manager Simon Petrén said. “The acquisition is the first production facility that we acquire and is very important in a strategic aspect as we are now able to deliver and produce the companies that contact us and want to buy finished products. We also see many clear synergy effects; for example, significantly lower prices to produce the Tweek candy that is already produced there.”
The seller is US firm Kopper’s Candy LLC, which owns e-commerce store www.nuts.com and chocolate manufacturing facilities. The deal with Bayn Europe is to include an agreement on contract manufacturing for Kopper’s Candy LLC and the possible distribution of the Swedish group’s brands in the US.
Bayn Europe develops solutions that replace sugar, glucose syrup and other bulk sweeteners that have high energy content with sweetened fibers – a composition of dietary fibre, high-intensity sweeteners and other ingredients.
In January, the group acquired another Swedish business, Pändy Foods, which offers healthier snacks and confectionery.