Tangerine Confectionery Expands Portfolio
Tangerine Confectionery, the UK’s largest independent sugar confectionery and branded popcorn supplier, has strengthened its portfolio with the acquisition of Smith Kendon Travel Sweets and Yorks Fruits, two of Britain’s oldest brands, from private ownership. The deal follows Tangerine’s acquisition of the Wham and Highland Toffee brands from Millar McCowan, which was in administration, last October.
Established in 1780, Smith Kendon Travel Sweets is highly complementary to Tangerine’s Taveners Travel Tin range, which is primarily targeted at the export market. The purchase of York Fruits brand will consolidate Tangerine’s market leadership in fruit-flavoured jellies.
Tangerine Confectionery, which is owned by US-based private equity firm Blackstone, has trebled its sales to £160 million in the past five years.
