Germany-based confectionery firm Katjes International has become the sole shareholder in Dutch liquorice firm Festivaldi.
Katjes already held a 50% stake in Festivaldi and has bought out the company’s management. A spokesperson for Katjes said “the parties mutually agreed not to disclose further information”.
Netherlands-based Festivaldi manufactures liquorice products under the Harlekijntjes brand. It also sells fruit gum products. It will be operated by Katjes International’s Netherlands unit, Katjes Nederland.
“Festivaldi fits perfectly into our strategy and has since the first acquisition of shares in 2010 developed positively. Therefore, we look forward to increasing our stake to 100 percent,” said Bastian Fassin, managing partner of Katjes International.
Katjes has been linked to Mondelez International assets in France. Lutti, the company’s French arm, has reportedly expressed interest in assets Mondelez has been rumoured to be ready to sell.
At the end of 2014, Katjes International acquired local confectionery peer Piasten, which manufactures brands including Big Ben, Doulten and Warner Hudson, distributes Cadbury Wunderbar and Cadbury Curlywurly products in Germany and exports confectionery to over 50 countries.
Katjes 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.
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