date:May 28, 2014
maining shares will be acquired based on 2015 result targets. The acquisition will be financed utilizing Cloettas existing credit facilities. Restructuring costs are estimated to be approximately SEK 15m in 2014 whereas cost synergies will be very limited.
The company produces and sells Jelly Beans under The Jelly Bean Factory brand. It was established in Ireland in 1998 by father and son Peter and Richard Cullen and has had a consistent revenue growth over the last five years. The products are