FDBusiness.com

Raisio Expands in Continental Europe

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

Raisio Expands in Continental Europe

Raisio Expands in Continental Europe
November 14
12:03 2012

Raisio has acquired Czech confectionery manufacturer Candy Plus for an enterprise value of Eur20.5 million. The acquisition complements Raisio’s existing confectionery activities in the UK trading as Big Bear Confectionery.

Founded in 2000, Candy Plus is owned by private investors. In 2011, the company’s net sales totalled Eur23.3 million, EBITDA was Eur2.9 million and EBIT was Eur2.1 million. Assets on 31 December 2011 totalled Eur17.6 million, liabilities Eur9.1 million and equity Eur8.5 million. The company’s two production sites are located in the eastern part of the country, in Rohatec and Petrvald u Karvine. Candy Plus employs more than 400 people all of whom will continue as Raisio’s serving employees.

Paul Simmonds, Vice President of Raisio’s Consumer Brands unit, says that Candy Plus is a profitable and growing business which has a wide customer base across east and westEuropeand other parts of the world. “This will provide Raisio with interesting growth opportunities,” he adds.

The Candy Plus range focuses on the faster growing product categories of soft-eating and higher-fruit jellies, liquorice and functional confectionery. Candy Plus has strong consumer brands in its home market, the Czech Republic, including Juicee Gummee, Fundy, Pedro and Cuksy. Branded products account for about 40% of net sales.

With the acquisition, Raisio will be able to make better use of synergies in its confectionery operations, which will be seen in increased flexibility and improved cost-effectiveness.

Candy Plus is being integrated into Raisio’s Consumer Brands unit. The acquisition is expected to further improve profitability of the Brands Division.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements