Cloetta has completed the acquisition of Candyking
Cloetta has today completed the acquisition of Candyking Holding AB. The acquisition strengthens Cloetta’s position within pick & mix and creates substantial synergies.
The acquisition of Candyking was made public on 17 February, 2017. The initial purchase price amounts to SEK 325m on a cash and debt free basis with a potential additional purchase price of maximum SEK 225m. In connection with completion of the transaction, Cloetta has become owner of all shares in Candyking Holding AB and to outstanding bond loans and other debt. For additional information on the acquisition, reference is made to the previous press release dated 17 February, 2017.
Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region, the Netherlands, and Italy. In total, Cloetta products are sold in more than 50 countries worldwide. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 12 production units in six countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com
Tags:
