Cloetta acquires Goody Good Stuff
Nordic Capital- and Cidron-backed Cloetta AB has acquired UK-based candy company Goody Good Stuff.
Cloetta acquired Goody Good Stuff from a group of investors for an undisclosed sum. The acquisition will have a limited effect on Cloetta's future operating profit, according to the company.
Cloetta acquired Goody Good Stuff in order to broaden its product range within the natural candy segment.
Nordic Capital and Cidron together own 38.1% of listed company Cloetta. Nordic Capital's portfolio company Leaf, which the GP originally backed in 2005, merged with Cloetta in 2012.
Company
UK-based Goody Good Stuff was founded in 2010. The company is a natural gummy candy range that is made with a plant-derived bio-gum technology, which eliminates the need for animal-based gelatin.
Goody Good Stuff is in a growth phase and recently signed a UK distribution agreement with a US convenience store. Sales amounted to around SEK 10m in 2012.
People
Bengt Baron is the CEO of Cloetta.
More on Consumer
Cathay, BPI-backed AD Education bolts on Ces
Add-on shortly follows the acquisition of Italian university Accademia Italiana Arte Moda e Design
Paradigm Capital increases IES stake to 57.6%
GP previously owned around 20% of the listed education company
Magnum Capital backs Isdi
First investment made by the GP via Magnum Capital III, which was launched in December 2019
Acon buys Spanish vegetables producer Alsur
Acon invests in partnership with Quarza Inversiones, which acquired a minority stake in the company
Latest News
CapMan to reorganise service business
GP will launch CapMan Wealth Services, which will combine the services of the disbanded brands
Versant Ventures invests $30m in Matterhorn Biosciences
Versant has launched the T-cell therapy developer in partnership with the University of Basel
Foresight-backed Envair acquires TCS for £2m
TCS managing director Dave McCabe will stay on with the combined company
Cathay, BPI-backed AD Education bolts on Ces
Add-on shortly follows the acquisition of Italian university Accademia Italiana Arte Moda e Design
