Raisio, the owner of Benecol, is set to acquire confectionery manufacturer Glisten as part of a £19.8m recommended takeover.

Raisio said it intended to invest further in the Glisten business to enable the company to grow both organically and through further acquisitions.

“Glisten has had a good journey on the Alternative Investment Market since we founded and listed the business in June 2002 with turnover of £14.3m,” said chief executive Paul Simmonds (pictured).

“We believe this coming together with Raisio is exactly the right path for the business to take now.”

He added: “The fit [with Raisio] in terms of ambition, skills and capabilities is excellent and both parties will bring something to the other particularly in relation to access to market, branding and product development.”

Read more
Glisten installs Wallis as new chair (10 December 2009)
Glisten pulls savoury snacks into one unit (26 September 2009)