Lutti, the French arm of Germany-based confectioner Katjes International, has reportedly expressed interest in assets Mondelez International has been rumoured to be ready to sell.
According to Le Figaro, Katjes is interested in brands including Carambar. “If Mondelez was selling, the purchase of Carambar would make sense for a company like Lutti and its family shareholder Katjes,” Lutti CEO Sébastien Berghe was quoted as saying by the newspaper.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In October, French business publication Challenges reported had put its French confectionery division up for sale, business unit that also includes the Krema brand. When approached by just-food at the time, a spokesperson for Mondelez’s European division said he “could not comment on rumours or speculation”.
Asked today to confirm the interest in the assets, a spokesperson for Lutti said the company had no comment to make.
A spokesperson for Mondelez declined to comment: “As a matter of practise, we don’t comment on market rumours”.
—-
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWe have exclusive research into the factors set to influence M&A activity in the sector over the next two years.
The full report will be available through the site next month but, if you take out an annual subscription to just-food before the end of January (at over a third off standard pricing), you will get a free copy of Drivers of Food Industry M&A – and another of our recent reports, How Brands Can Win in Online Grocery.
Click here to take advantage of this offer.
