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What does it take to make Italy’s fourth largest mineral water company effervescent? Acquiring Tuscany-based chocolate maker Amedei, known for its gourmet chocolate bars, truffles and chocolate products, would certainly make anyone bubbly.
Katjes International GmbH, the international subsidiary of Katjes Group, has acquired Cloetta Italia for $53 million, pushing the German gummy manufacturer to No. 2 in the Italian confectionery market.
Nestlé is putting a renewed focus on the Italian brand Baci Perugina, saying it plans to significantly invest in the brand to further strengthen this iconic Italian chocolate on the world stage.