Katjes International GmbH & Co. KG
Katjes International GmbH & Co. KG: Katjes International acquires the number 2 in Italy
Katjes International GmbH & Co. KG / Key word(s): Takeover Katjes International acquires the number 2 in Italy Emmerich, 6th July 2017 – Katjes International GmbH & Co. KG, the international holding company of the Katjes-Group, today signed a contract to acquire the branded business of Cloetta Italia S.r.l. (“Cloetta Italy”). Katjes International is market leader in Belgium, number two in France and will equally rank number two in Italy with this acquisition.* The acquired business has annual net sales of about EUR 100 million and is profitable. The best known brands include Sperlari (hard-boild candy), Saila (liquorice) as well as Dietorelle (sugar-free). Cloetta Italy has a broad distribution across the whole of Italy, with its headquarters located in Cremona in Northern Italy. The company’s production comprises four sites located in Cremona, Gordona, St. Pietro in Casale and Silvi Marina. The number of full time employees is approximately 400. The closing of the transaction is expected to occur within the next three months. The financing of the acquisition was mainly done through proceeds of the bond which was increased in May 2017. This underscores how Katjes International continues to follow its long-term strategy to acquire companies in large markets relevant to its business using its bond financing. Credit Suisse has been financial advisor and Chiomenti has been legal advisor to Katjes International. *Source: Euromonitor Information and Explanation of the Issuer to this News: CONTACT ABOUT KATJES INTERNATIONAL NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA —————————————– This announcement does not constitute an offer to sell or an invitation to purchase or subscribe for securities of Katjes International GmbH & Co. KG. This announcement is neither directly nor indirectly intended for publication or distribution to the United States of America or within the United States of America (including its territories and possessions, federal states or District of Columbia) and may not be reproduced in the U.S. (as defined in Regulation S of the U.S. Securities Act of 1933, as amended), or distributed or disseminated to publications with a general circulation in the United States of America. This announcement does not constitute an offer or a solicitation, or the solicitation of an offer for the purchase or the transfer of securities in the United States of America, nor is it part of such an offer or solicitation. The securities are not, and will not be registered under the Securities Act and may only be sold or offered for purchase in the United States of America with prior registration under the provisions of the Securities Act, as amended, or only are sold or offered for purchase in the United States of America without prior registration on the basis of an exception to the Securities Act, as amended. This publication is not an offer to buy securities in Canada, Japan or Australia.
06-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Katjes International GmbH & Co. KG |
Dechant-Sprünken-Str. 53-57 | |
46446 Emmerich am Rhein | |
Germany | |
Phone: | +49 (0)2822 601 700 |
Fax: | +49 (0)2822 601 125 |
E-mail: | kontakt@katjes-international.de |
Internet: | www.katjes-international.de |
ISIN: | DE000A161F97, DE000A1KRBM2 |
WKN: | A161F9, A1KRBM |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt |
End of Announcement | DGAP News Service |