Kraft to sell Cadbury’s confectionery business in Romania and Poland
08 Jul 2010
After inking a deal late last month to sell Cadbury's confectionery operations in Poland, Kraft Foods yesterday said that it has signed an agreement to sell Cadbury's confectionery business in Romania in order to meet the requirement of the European regulator.
Kraft has agreed to sell Cadbury's Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to Oryxa Capital, an international investment fund.
The sale includes Kandia-Excelent brands, related trademarks and the manufacturing facility in Bucharest, but Kraft said that it will retain Cadbury's international brands, including Halls candy.
Cadbury's Kandia-Excelent employs 530 people.
In late June, Northfield, Illinois-based Kraft agreed to sell Cadbury's E Wedel-branded chocolate and sugar confectionery operations in Poland to Lotte Group.
The sale, which is subject to customary regulatory approvals, includes the E Wedel business, its related brands and a manufacturing facility in Warsaw.
Cadbury Wedel employs approximately 1,000 people, who will be transferred to the Lotte Group.
Kraft will keep the remaining Cadbury business in Poland, including the Halls brand and other non-E Wedel-branded chocolate and sugar confectionery products sold in Poland and two manufacturing plants in Skarbimierz.