Kraft to sell Romanian Cadbury business
July 7, 2010
NORTHFIELD, ILL. — Kraft Foods Inc. has agreed to sell Cadbury’s Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to Oryxa Capital.
The cost of the purchase was not released.
The sale includes Kandia-Excelent brands, related trademarks and the manufacturing facility in Bucharest. Kraft will keep the Cadbury international brands, including Halls candy.
Kraft also is divesting Cadbury’s E. Wedel business in Poland, and both this sale and the Kandia-Excelent sale are subject to approval of the European Commission.