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Swedish confectionery company Cloetta has announced the sale of its dry roasted nuts brand, Nutisal, to The Monchy Food Company. The transaction, which is valued between €5-6 million, is expected to positively impact Cloetta's cash flow by €6-7 million, with the majority recorded in the second quarter of 2024. However, Cloetta will also record a non-cash impairment of approximately €7-8 million for the same period. Nutisal constitutes about half of Cloetta’s nuts category, which in turn represents 2% of the company's total net sales. Despite the sale, Cloetta said it will continue to offer nuts within its 'Pick & mix' segment. The move aligns with Cloetta's strategy to streamline its product portfolio, aiming for a long-term adjusted EBIT margin of at least 14%. According to the company, the divestment will not have any direct impact on jobs. The deal is contingent on specific terms outlined in the acquisition agreement and is not subject to regulatory approvals.