The second largest player on the Romanian chocolate market Kandia Dulce has acquired former competitor Supreme Chocolat, the third largest player, which could put pressure on market leader Kraft, according to an analyst.
US food giant Kraft Foods has announced the sale of the Cadbury owned Kandia-Excelent chocolate, sugar confectionery and cake business in Romania to Oryxa Capital, an international investment fund, subject to regulatory approval.
Swiss food giant Nestlé has boosted its Romanian production
capacity with the installation of a new chocolate wafer production
line at its Timisoara-based unit, Joe. The investment reflects the
rapid growth of the Romanian snack market,...
Romanian sugar producers face a hard time in the run-up to the
country's predicted accession to the EU in 2007, with few firms
capable of the high level of investment that will be necessary to
compete with other companies from...
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
The dynamic performance of the Romanian chocolate sector continues
to gather pace with the announcement from Supreme Chocolat that it
has increased its sales in the first quarter by an impressive 120
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
The Romanian chocolate sector looks set to become increasingly
competitive as the third largest player, Kandia, prepares to
finalise a merger with Excelent - a move that will create the
leading producer on the market.
Food giant Cargill has acquired OCG Cacao, a major supplier of
industrial chocolate to the European food industry. The deal, which
was initially announced in September, has been completed following
the necessary regulatory approvals.
One of Romania's leading and longest established chocolate makers,
Excelent, has relaunched its Kandia branded chocolate under a
multi-million dollar investment. The money has also included an
extensive revamp of its production...