Kraft Foods International, a unit of Philip Morris, has acquired full control over Finnish snack company Oy Estrella after buying the remaining 50% stake from Finnish firm, Paulig. Financial terms of the transaction were not disclosed, but the acquisition strengthens Kraft Food’s position as the largest salty snacks producer in the Nordic area.
USA/FINLAND: Kraft Food gains control over Finnish snack company
Kraft Foods International , a unit of Philip Morris , has acquired full control over Finnish snack company Oy Estrella after buying the remaining 50% stake from Finnish firm, Paulig . Financial terms of the transaction were not disclosed, but the acquisition strengthens Kraft Food's position as the largest salty snacks producer in the Nordic area.