Tangerine Confectionery has acquired Monkhill from Cadbury Schweppes for £58m.
Monkhill manufactures Butterkist popcorn, Barratt Sherbet Fountains and Jameson's chocolate confectionery and operates three factories and a distribution centre.
The business is expected to record revenue of £76m and a profit of £6.7m this year.
“There is no doubt that this major acquisition will significantly enhance Tangerine, creating a business with a turnover of £150m and 1,500 employees,” said Tangerine chairman Steven Joseph.
“The combined entity will have an increased selling capability and a much wider product offering. Tangerine will be able to provide the trade and consumers with the most comprehensive sugar confectionery range available,” he added.
Monkhill manufactures Butterkist popcorn, Barratt Sherbet Fountains and Jameson's chocolate confectionery and operates three factories and a distribution centre.
The business is expected to record revenue of £76m and a profit of £6.7m this year.
“There is no doubt that this major acquisition will significantly enhance Tangerine, creating a business with a turnover of £150m and 1,500 employees,” said Tangerine chairman Steven Joseph.
“The combined entity will have an increased selling capability and a much wider product offering. Tangerine will be able to provide the trade and consumers with the most comprehensive sugar confectionery range available,” he added.
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