Cadbury swoops on Kandia-Excelent

Bucharest, Romania: Cadbury Schweppes has acquired 93.32% of Romanian confectionery business Kandia-Excelent from Meinl Bank for an undisclosed sum. Kandia-Excelent is the second-largest confectionery company in Romania, with a 20% share of the market. "This acquisition is an opportunity to further develop leading brands and leverage their strong routes to market," Cadbury Schweppes CEO Todd Stitzer said.