| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Processed Foods » Confectionary » Topic

Turkey's Yildiz Holding to buy DeMet's Candy for $221 million

Zoom in font  Zoom out font Published: 2013-12-30  Origin: Reuters  Views: 37
Core Tip: Turkey's Yildiz Holding AS has agreed to buy privately owned DeMet's Candy Co, the U.S. maker of Flipz chocolate pretzels and Turtles covered nut clusters, for $221 million, the Wall Street Journal reported.
Turkey's Yildiz Holding AS has agreed to buy privately owned DeMet's Candy Co, the U.S. maker of Flipz chocolate pretzels and Turtles covered nut clusters, for $221 million, the Wall Street Journal reported.

The Turkish owner of Godiva chocolates will acquire DeMet's from Brynwood Partners, a U.S. buyout firm, the paper said.

Brynwood is set to make more than four times the money it invested in DeMet's, a person familiar with the matter told the Journal. ()

Yildiz Holding, Turkey's largest food group, earlier this year bought Spanish discount retailer Dia's Turkish operation DiaSA for 136.5 million euros ($183 million).

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)