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Food & Beverage

Kraft Sells Polish Cadbury Business to Lotte Group

June 30, 2010
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The Associated Press reports Kraft Foods Inc. has agreed to sell a Polish candy business it acquired through its acquisition of Cadbury to Japanese conglomerate Lotte Group. The company, based in Northfield, Ill., said it had to sell the business and another one in Romania as part of the European Commission''s approval of its Cadbury buyout. The company said the sale of the Romanian business will be announced later. The sale announced Monday includes Cadbury''s E. Wedel-branded chocolate and sugar confectionary operations, related brands and a manufacturing facility in Warsaw. About 1,000 Cadbury Wedel employees will transfer to Lotte Group. The deal is subject to regulatory approvals. Kraft said it will keep the remaining Cadbury business in Poland. That includes the Halls brand and other chocolate and sugar confectionery products sold in Poland and two manufacturing plants in Skarbimierz. The company also said, subject to the European Commission''s approval, it will keep a third Cadbury plant in Bielany Wroclawskie, Poland.
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