Cadbury's buys confectionery in Argentina

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Related tags: Cadbury schweppes plc, Confectionery

UK drinks and confectionery group Cadbury Schweppes plc announced
on Thursday the acquisition of the confectionery brand, Mantecol,
in Argentina, for...

UK drinks and confectionery group Cadbury Schweppes plc announced on Thursday the acquisition of the confectionery brand, Mantecol, in Argentina, for $22.6million (15.4 million pounds sterling) from the Argentine company Georgalos Hnos SAICA. The agreement strenghtens Cadbury Stani, Cadbury Schweppes' existing business in Argentina, with three of the top tenselling Argentine confectionery brands - Beldent chewing gum, No 1, Mantecol, No 6 and Bazooka bubble gum, No 7. The acquisition is subject to competitionauthority approval.

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