FDBusiness.com

Cloetta acquires Irish jelly bean producer Aran Candy

 Breaking News
  • Nordzucker to Invest €100 Million in Swedish Sugar Production Nordzucker Group will concentrate its sugar production in Sweden at its factory in Örtofta and as part of this process the refinery at Arlöv will be closed. Around €100 million will be invested in the strategy. The project is expected to be completed in autumn 2021. Based at Braunschweig in Germany, Nordzucker Group is one [...]...
  • FrieslandCampina Plans to Build a Sustainable Dairy Processing Plant International dairy co-operative Royal FrieslandCampina is exploring options to build a sustainable and innovative dairy processing plant in the Netherlands. The plant is intended for the processing of member milk into fresh dairy products, ingredients used for the production of early life and adult nutrition, and for cheese manufacturing. It would be built according to [...]...
  • Microwaveable Crumb-coated Snacks With Perfect Crunch Crisp Sensation, global food coating system expert, has developed snack coatings that promise perfect, crispy results. With its latest innovation, the company will soon enable manufacturers to develop microwaveable crumb-coated snacks. The technical breakthrough, which has been highly anticipated by the market, all comes down to moisture control. Even if the product is kept in a [...]...
  • Heineken Opens First Brewery in Mozambique Heineken has officially opened its first brewery in Mozambique. The new brewery, incorporating the latest technologies, represents a US$100 million (€85 million) investment. Located in the province of Maputo, between the Marracuene and Manhiça districts, the brewery will have a production capacity of 0.8 million hectolitres. It recently started to brew Txilar, a brand-new beer [...]...
  • Müller Targets UK Natural Yogurt Market Müller, the UK’s most popular yogurt brand[1], has launched its first ever range of natural yogurt. Made with milk from British farms, the natural range is fat free, high in protein and includes 0% added sugar. With the launch of Müllerlight Natural and Müllerlight Greek Style Natural, the Official Yogurt of British Athletics[2] is continuing to target [...]...

Cloetta acquires Irish jelly bean producer Aran Candy

Cloetta acquires Irish jelly bean producer Aran Candy
May 29
15:25 2014

Confectionery company Cloetta has announced the acquisition of Ireland-based Aran Candy, the owner of the Jelly Bean Factory brand, for SEK140m ($21m).

Aran Candy, established in 1998, producer and seller of gourmet Jelly Beans.

According to Cloetta, the acquisition will significantly strengthen its position in the UK.

Cloetta CEO Bengt Baron said Jelly Beans are known as a product to consumers world-wide, and the acquisition of the Jelly Bean Factory will support the company’s profitable growth by adding an offering to the Munchy Moments within the sugar confectionary category.

“The Jelly Bean Factory has shown strong growth over the last years and the acquisition will significantly strengthen Cloetta’s position in the UK market. In addition, we intend to roll out the products in our current core markets over time,” Baron added.

The Jelly Bean Factory produces premium gourmet Jelly Beans in 36 different natural flavors. It reported sales of about SEK100m ($15m) in 2013 with the UK as the core market.

Other key markets for the brand are the US, Canada, Middle East, Ireland and Germany.

Speaking about the deal, Aran Candy managing director Richard Cullen said, “We are very pleased to become part of the Cloetta Group. With Cloetta’s focus on brands and strong routes-to-market in their core markets, I am convinced that we will be able to further strengthen and accelerate the growth of The Jelly Bean Factory brand.”

Initially, Cloetta has purchased 75% of the shares of Aran Candy, with the remaining 25% to be acquired in 2016. The acquisition will be financed with Cloetta’s existing credit facilities.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements