kelsen group ferrero

Sellers(s) Campbell Soup Co. Deal Type: Divestiture: Deal Value: 300M USD: Target. Campbell’s, the famous US-based producer of soups and food production company, has divested its shareholding in Danish-based cookie producer Kelsen Group to Ferrero. Campbell Soup Co said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million (€266.4 million). LUXEMBOURG--(BUSINESS WIRE)--A Ferrero Affiliated Company today announced it has completed the acquisition of Kelsen Group A.S. from Campbell Soup Company (NYSE:CPB). CAMDEN, N.J. — CTH Invest, a Belgian holding company affiliated with the Ferrero Group, has agreed to acquire the Kelsen Group from the Campbell Soup Co. for $300 million. (Reuters) - Campbell Soup Co said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million (£239 million). The company in 2019 acquired the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg Co. (Reuters) - Campbell Soup Co CPB.N said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million. Our Standards: The Thomson Reuters Trust Principles. Ferrero last year bought Keebler biscuits from U.S. food group Kellogg Co K.N and launched a Nutella-filled biscuit in an attempt to grab market share from Italian rival Barilla. Ferrero Group is the world’s third largest chocolate and confectionery business, and the company recently has diversified into new sectors as it expands its global portfolio. Kelsen Group A/S | Bredgade 27 | DK - 8766 Nr. We apologize, but this video has failed to load. The Kelsen Group employs 400 and has generated $157 million in sales during the past 12 months. The company is a member of the Standard and Poor's 500 and the FTSE4Good Index. Ferrero Group - the family's confectionery business - has … Ferrero owns Nutella a.o. Upgrade to Pro to access the expansive Crunchbase dataset to uncover the companies, people, and news that matters. e … Kelsen Group A/S Nr. Kelsen is the maker of fine cookie brands Royal Dansk and Kjeldsens, and has distribution networks globally with products sold in more than 100 countries around the world. CTH was created in 2016 and owns Belgian cookie maker Delacre and U.S. candy company Ferrara in addition to Kelsen Group. claudia.millo@ferrero.com. Italian confectionery group Ferrero competed with other bidders, including a consortium comprising private equity firms KKR & Co KKR.N and Bain Capital LP and Oreo cookies maker Mondelez International Inc MDLZ.O, for Campbell's international unit. Kelsen Group A/S is a producer of quality baked snacks that are sold in 85 countries around the world. Kelsen is … Media Contact: ... Ferrero Group set to snap up Fox's Biscuits for £250m. Just $1.99 per week for the first 24 weeks . Related tags: Campbell soup company, Ferrero, Arnott's biscuits holdings, Kelsen Group, Rothschild, Third Point Italian news daily Il Sole 24 Ore broke the news that the Nutella maker is in talks with Campbell Soup Company to buy Campbell’s international business, which includes Arnott’s biscuits and Danish butter cookie maker Kelsen. 27703666 | Tlf: +45 72 110 110 | Kelsen Group A/S primary brands include Kjeldsens and Royal Dansk. The group declined to comment on the value of the deal, but a source close to the matter told Reuters that Ferrero will pay 250 million pounds ($322 million) for Fox's. "The sale of Kelsen Group supports our strategy to focus on North America where we have iconic brands and strong market positions, while reducing debt," Campbell Chief Executive Officer Mark Clouse said in a statement. As part of the transaction, the Ferrero Affiliated Company will take over the two production facilities in Nørre Snede and Ribe, whilst retaining the management and the employees of the businesses. Rothschild & Co and Davis Polk & Wardwell LLP advised the Ferrero affiliate. Kelsen reported a turnover of USD 157m and EBITDA of USD 22m, corresponding to an EV/EBITDA multiple of 14.3x. Italian confectionery group Ferrero competed with other bidders, including a consortium comprising private equity firms KKR & Co, and Bain Capital LP and Oreo cookies maker Mondelez International Inc. Ferrero Group claims to be the world’s third largest chocolate and confectionery business which has diversified into new sectors as it expands its global portfolio. For generations, people have trusted Campbell to provide authentic, flavorful and affordable snacks, soups and simple meals, and beverages. Proceeds from the divestiture will allow Campbell to reduce debt. Ferrero brought into its fold the Belgian luxury biscuit brand Delacre from UK-based Pladis for an undisclosed sum in 2016. Ferrero Group, the owner of some of the world's best-known confectionery brands, is close to striking a £250m deal to swallow Britain's Fox's Biscuits. Kelsen Group was acquired by Ferrero for $300M on Jul 12, 2019. Campbell was advised by Centerview Partners, Goldman Sachs and Weil, Gotshal & Manges LLP. Kelsen Group er i dag mest kendt for vores danske butter cookies, herunder de to brands Kjeldsens og Royal Dansk. See here for a complete list of exchanges and delays. The Ferrero Group has acquired 9 companies, including 9 in the last 5 years. Claudia Millo LUXEMBOURG-- (BUSINESS WIRE)--A Ferrero Affiliated Company today announced it has completed the acquisition of Kelsen Group A.S. from Campbell Soup Company (NYSE:CPB). Campbell Soup Company (NYSE: CPB) announced today that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero affiliated company for $300 million, subject to customary purchase price adjustments. Siden begyndelsen har vores dedikation til kvalitet og bagerens håndværk været dybt forankret i vores virksomhed og er fortsat et centralt holdepunkt. said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million. Just $1.99 per week for the first 24 weeks CTH was created in 2016 and owns Belgian cookie maker Delacre and U.S. candy company Ferrara in addition to Kelsen Group. CTH was created in 2016 and owns Belgian cookie maker Delacre and US candy company Ferrara in addition to Kelsen Group. food brands. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet's natural resources. A total of 3 acquisitions came from private equity firms.. The Company’s most targeted sectors include food (100%). FERRERO GROUP The Ferrero Group has a strong global presence and Ferrero products are present and sold, directly or through authorised retailers, in more than 170 countries belonging to the entire international community. The company said the process to divest the remainder of Campbell International, including Australian biscuit brand Arnott’s, is proceeding. Campbell Soup Co said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million. Campbell said in February it expected to name buyers for the business by the end of its fiscal year in July. Campbell Soupsaid on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero for $300 million. Ferrero Group is the world’s third largest chocolate and confectionery business, and the company recently has diversified into new sectors as it expands its global portfolio. Campbell Soup has announced it will sell its Danish baked snacks manufacturer Kelsen Group to CTH Invest, a Belgian holding company affiliated with the Nutella maker Ferrero, for … Kelsen makes baked snacks and its brands include Kjeldsens … Reporting by Rama Venkat in Bengaluru; editing by Gopakumar Warrier. I mere end 85 år har Kelsen Group bagt danske kvalitetssmåkager til forbrugere over hele verden. Det danske selskab Kelsen Group, der laver småkager, bliver solgt til Ferrero Group, der er kendt for Nutella. Få artiklen læst op Ferrero Group, der står bag brandet Nutella, har opkøbt Kelsen Group, som blandt andet producerer småkager i Nørre Snede. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Proceeds from the divestiture will allow Campbell to … Ferrero affiliate completes Kelsen acquisition Photo: Kelsen Group A.S. LUXEMBOURG — CTH, a Belgian holding company affiliated with the Ferrero Group, has completed its … Campbell Soup Company has agreed to offload Denmark-based Kelsen Group to Italian confectionery giant Ferrero for approximately $300 million. Based in Nørre Snede, Denmark, Kelsen is a producer of baked snacks, and its primary brands include butter cookies Kjeldsens and Royal Dansk. Ferrero bought UK chocolatier Thorntons for £112m in 2015 and Denmark's Kelsen Group last year for around £250m. Campbell Soup Company (NYSE: CPB) announced today that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero affiliated compa. Kelsen Group A/S: Sector: Food: Buyer(s) Ferrero International S.A. Snede | Danmark | CVR nr. We apologize, but this video has failed to load. The proposed acquisition is a further signal of Ferrero's intention to strengthen its position in a category known in the industry as "sweets consumed outside meals" and limit its reliance on chocolate products. Announced Date Jul 12, 2019; Price $300M; Discover more with Pro . The sale is expected to close in the first quarter of fiscal 2020, Campbell said. “The sale of Kelsen Group supports our strategy to focus on North America where we have iconic brands and strong market positions, while reducing debt,” Campbell Chief Executive Officer Mark Clouse said in a statement. Belgian holding company CTH Invest, a Ferrero affiliate, said it would take over Kelsen’s two production facilities in Denmark and add fine biscuits assortments to its portfolio with the deal. The Ferrero Group’s largest acquisition to date was in 2018, when it acquired Nestlé S.A. - US Confectionary Business for $3.2B.The Ferrero Group has acquired in 2 different US states, and 5 countries. Ferrero Kelsen makes baked snacks and its brands include Kjeldsens and Royal Dansk. (Reuters) - Campbell Soup Co CPB.N said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero SpA for $300 million. Campbell Soup Co said on Friday it would sell its Danish unit Kelsen Group to an affiliate of Nutella maker Ferrero for $300 million. Campbell’s international unit, along with its “fresh” business, was put up for sale in August last year after the company was pressured by investors to improve profitability and stock performance. Acquired by . Read the full story by Bloomberg News: Ferrero scion builds $3 billion side bet to Nutella fortune. Snede, Denmark website. Try refreshing your browser, or tap here to see other videos from our team. Transaction Name . Kelsen Group acquired by Ferrero . Kelsen, whose snacks brands include Kjeldsens and Royal Dansk, had net sales of about $157 million in the latest 12 months. Belgian holding company CTH Invest, a Ferrero affiliate, said it would take over Kelsen’s two production facilities in Denmark and add fine biscuits assortments to its portfolio with the deal. CTH is a Belgian Holding Company affiliated to the Ferrero Group. 12 Jul 2019 --- The Campbell Soup Company has signed a definitive agreement for the sale of Kelsen Group to Ferrero Group affiliated company CTH, a Belgian holding company, for US$300 million – subject to customary purchase price adjustments. The Kelsen Group is a manufacturer of baked snacks sold under such brands as Kjeldsens and Royal Dansk. Sell your business, list your business for sale, find businesses for sale or work with a broker. Campbell (NYSE:CPB) is driven and inspired by our Purpose, "Real food that matters for life's moments." Ferrero’s ambitions were not restricted to Europe. Business For Sale News Snippet brought to you by: BizLocal.com BizLocal provides a Business For Sale Market Place and more. 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