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We are barely into the middle of January, and it’s already become clear that 2018 is going to be a whopper of a year for mergers and acquisitions. M&A’s, they call them.
Switzerland-based Nestlé S.A. says it’s “exploring strategic options” for its nearly $1-billion U.S. confectionery business, including a possible sale.
What I find most interesting about these latest deals, however, is that this marks the first time that these two companies will be producing confections on U.S. soil, particularly since both of these involve giants who have production facilities scattered throughout the world.
In acquiring Russell Stover Candies, Lindt & Sprüngli executives were impressed by the company's strong brands, its leadership positions in key categories and "content over noise" culture.
On July 14, 2014, when the Lindt & Sprüngli Group announced that it was acquiring Russell Stover Candies, the news raised some eyebrows within the U.S. chocolate market.
The acquisition will firmly establish Lindt as the No. 3 chocolate candy manufacturer in the U.S. market—still behind Hershey and Mars, but now firmly ahead of Swiss rival and global food leader Nestlé.