FDBusiness.com

Lindt & Sprüngli Expands in the US

 Breaking News
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • Premier Foods Discontinues Ambrosia Sale Process Premier Foods has decided not to proceed with the potential disposal of its Ambrosia brand. A number of parties expressed interest in the business, and since the New Year Premier Foods has been engaged in detailed discussions with a small group of potential buyers. However, the Premier borad has concluded that in the present business [...]...
  • Heineken Maintains Strong Top Line Growth in 2018 Heineken achieved organic net revenue growth of 6.1% to €22.471 billion in 2018, with a 4.0% increase in total consolidated volume and a 2.0% increase in revenue (beia) per hectolitre. Operating profit (beia) rose organically by 6.4% to €3.868 billion but the operating profit margin (beia) slipped by 17 bps to 17.2%. Net profit for [...]...
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...

Lindt & Sprüngli Expands in the US

Lindt & Sprüngli Expands in the US
July 15
12:24 2014

Lindt & Sprüngli Group is acquiring Russell Stover Candies of the US, to broaden its existing premium brands portfolio in the world’s biggest chocolate marketplace.

Headquartered in Kansas City, Missouri, Russell Stover is a leading manufacturer of pralines and seasonal candies in North America. It manufactures chocolate products at four production sites and has an annual turnover of around $500 million.

The deal, which is biggest and most important strategic acquisition in Lindt & Sprüngli’s history, will provide the Swiss confectionery group with an established presence throughout the USA. The addition of the Russell Stover and Whitman’s brands perfectly complements Lindt & Sprüngli’s existing chocolate portfolio and will make the company the number three North American chocolate manufacturer.

Lindt & Sprüngli is financing the acquisition through net cash resources and bank loans and expects the transaction to make a strong positive contribution to the earnings per share from 2015 onwards. It has been agreed not to disclose the purchase price and other contractual details.

The new strategic acquisition means the group will pass the $1.5 billion turnover mark in North America in 2015.

Employing 9,000 people, Lindt & Sprüngli currently operates eight production sites in Europe and the USA. Lindt & Sprüngli Group reported sales of SFr2.88 billion (Eur2.37 billion) in 2013.

About Author

mike

mike

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