Cloetta completes merger with LEAF
Cloetta has completed the merger with LEAF to form a leading Swedish confectionery company with a strong presence in the Nordic region as well as in Italy and the Netherlands.
Cloetta has said that the transaction has been completed as it has acquired all the shares in LEAF.
Payment for the acquired business has been made partly by way of Cloetta issuing a vendor loan note to Leaf Holding in the amount of SEK1.4bn ($207.43m) and paying SEK 100m ($14.81m) in cash, and partly by an issue of shares to LEAF owners -the private equity groups Nordic Capital and CVC.
The new company, which will take the name of Cloetta, will have pro forma net sales of SEK5.7bn ($821m) and recurring EBITA of SEK666m ($96m).
The leading shareholder of Cloetta, Malfors Promotor will hold 22% of the share capital and 39.9 % of the votes in the new company.
Nordic Capital will hold 24.6% of the shares and 18.9% of the votes, while CVC will hold 33.0 % of the share capital and 25.4 % of the votes.
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Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Reports Buy online from $449
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