Home > Companies > Kraft Foods sells Cadbury Romania business to Oryxa Capital

Kraft Foods sells Cadbury Romania business to Oryxa Capital

July 9th, 2010

Kraft Foods has signed an agreement to sell Cadbury’s Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to Oryxa Capital, an international investment fund, for an undisclosed sum.

The sale includes the Kandia-Excelent brands (Rom, Magura, Kandia, Laura, Sugus and Silvana and others), related trademarks and the manufacturing facility in Bucharest. Approximately 530 Cadbury Romania employees work for Kandia-Excelent.

This sale follows the divesture of Cadbury’s E. Wedel business in Poland, which was announced on 28 June. Both these sales are subject to the Commission’s approval.

Share

Companies ,

Comments are closed.