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Cloetta

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Cloetta AB
Company typePublic
Nasdaq Stockholm: CLA B
IndustryConfectionery
Founded1862; 162 years ago (1862) in Copenhagen, Denmark[1][2][3]
FounderBernard, Christopher and Nutin Cloëtta
Headquarters
Sundbyberg, Stockholm County
,
Sweden
Area served
Europe
Key people
Katarina Tell (President and CEO), Morten Falkenberg (Chairman)
ProductsConfectionery, Nuts
RevenueSEK 8.3 billion (2023)[4]
SEK 735 million (2021)[4]
SEK 437 million (2023)[4]
Total assetsSEK 10.68 billion (2023)[4]
Total equitySEK 5.1 billion (2023)[4]
Number of employees
2,600 (December 2023)
Websitewww.cloetta.com

Cloetta is a Swedish confectionery and nuts company. The company manufactures and sells local confectionery brands on its main markets Sweden, Finland, Norway, Denmark, Netherlands, Germany and the UK.[5][2][3]

History

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In 1862, Christoph Cloëtta (1836–1897) and his two brothers Nutin Cloëtta and Bernard Cloëtta founded Danish chocolate manufacturer Brødrene Cloëttas steam chocolate factory. In 1873, Nutin Cloëtta established a Swedish subsidiary in Malmö, Sweden and one subsidiary in 1896, in Oslo, Norway.[6][7]

After several years of legal disputes between Cloetta Fazer's two major owners, the Svenfelt-Trotzig family company Malfors Promotor and the Finnish family-owned Karl Fazer, it was announced in June 2008 that Cloetta Fazer would be split up. Cloetta became an independent company again in late 2008 and was listed on the Stockholm Stock Exchange on 8 December 2008. In December 2011, it was announced that Cloetta and Leaf would merge into one company.[8]

Current

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Cloetta has six factories in five countries. The two largest factories are in Levice, Slovakia, and Ljungsbro, Sweden.[9] The company is listed on the Nasdaq Stockholm. In 2016, Cloetta finalized a deal to acquire pick & mix supplier Candyking, which operates in the United Kingdom and the Nordic countries.[10] In 2017, Cloetta bought the bulk candy company Candyking.[11]

Some of the brands owned by Cloetta are Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Polly, Sportlife and Red Band.[12]

Henri de Sauvage-Nolting left his position as CEO in September, 2024.[13] He was replaced by new CEO Katarina Tell.[14]

References

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  1. ^ https://www.cloetta.se/om-cloetta/Cloetta [dead link‍]
  2. ^ a b "Om Cloetta".
  3. ^ a b "About Cloetta".
  4. ^ a b c d e "Annual Report 2023" (PDF). Cloetta. Retrieved 25 October 2024.
  5. ^ "Om Cloetta" [About Cloetta]. www.cloetta.se (in Swedish). Retrieved 28 October 2019."Om Cloetta" [About Cloetta]. www.cloetta.se (in Swedish). Retrieved 28 October 2019.
  6. ^ Finn H. Lauridsen, P. Koch Jensen. "Christoph Cloëtta". Dansk Biografisk Leksikon, Gyldendal. Retrieved 1 March 2020.
  7. ^ "Brødrene Cloetta". Oslo Byleksikon. Retrieved 1 March 2020.
  8. ^ "Cloetta och LEAF går samman - nya Cloetta blir en ledande aktör på den nordiska konfektyrmarknaden". Pressmeddelande. Cloetta. 16 December 2011. Archived from the original on 22 July 2012. Retrieved 4 May 2012.
  9. ^ "Production facilities". www.cloetta.com. Retrieved 25 October 2024.
  10. ^ Nieburg, Oliver (24 April 2017). "Cloetta sales dented by Swedish pick & mix declines in Q1". confectionerynews.com. Retrieved 2 March 2020.
  11. ^ MölneText, Viktor (17 February 2017). "Cloetta köper Candyking". Dagens industri (in Swedish). Retrieved 9 September 2022.
  12. ^ "Cloetta in brief". www.cloetta.com. Retrieved 29 January 2021.
  13. ^ "CEO Henri de Sauvage-Nolting to leave Cloetta". www.cloetta.com. Retrieved 16 October 2024.
  14. ^ "Cloetta appoints Katarina Tell as President and CEO". www.cloetta.com. Retrieved 16 October 2024.
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