Cadbury Schweppes has denied reports that it is about to buy organic chocolate producer Green and Blacks.
“We can confirm that we have held a 5% stake in Green and Black’s for some years and we are very happy with the relationship,” Tony Bilsborough, spokesman for Cadbury Schweppes, told just-food. “No decision has been taken to extend the scope of this relationship.”
A spokeswoman for Green and Blacks also denied that there were any plans for a takeover. “There are no plans at this stage for Cadbury to acquire any further shares in Green and Blacks,” she told just-food. Even so, the relationship with Cadbury Schweppes was important. “Cadbury’s has been a 5% shareholder since 2002,” she said. “Cadbury’s investment has been crucial.”
Green and Blacks, founded in 1991, has become the UK’s fastest growing confectionary brand with a range of organic chocolate.