Cloetta divests its Belgium business
Following the merger with Leaf, Cloetta operates in Belgium through a Belgian distribution company, which primarily distributes brands that are not owned by Cloetta. The divestment of the distribution company is part of Cloetta’s strategy to focus on its core brands. Katjes will continue to sell and distribute the leading chewing gum brand Sportlife and […]
Cloetta and Leaf to merge
Swedish confectionary company Leaf, owned by Nordic Capital and CVC, has merged with OMX-listed Cloetta. The deal values Leaf at €755 million.
Consolidation vs acquisition
The latest report from Cloetta has highlighted a widespread trend – unusually large fluctuations in sales, partly due to aggressive competition in the grocery retail trade. For the Swedish company, that has meant an overall decrease in volume during 2011 and forced price increases that will take place this autumn. The confectioner will also consolidate […]
Cloetta to sell non-confectionery brands as it reports lower sales
Swedish confectionery brand Cloetta has reported fourth quarter sales of 193 million Swedish Krona (€21m) for the fourth quarter and 987 million (€108m) for the full year.