Cadbury Schweppes selling its Monkhill business
18 Jan 2008
Tangerine Confectionery paying £58 million for business, which manufactures sugar confectionery and popcorn for the UK market
London - Cadbury Schweppes is to sell its Monkhill business to Tangerine Confectionery Ltd for £58 million in cash. Monkhill, which manufactures sugar confectionery and popcorn for the UK market, is expected to deliver 2007 sales of around £76 million and earnings before interest, taxation, depreciation and amortisation of approximately £6.7 million. The sale of Monkhill will complete the programme announced in October 2005 to dispose of non-core brands and businesses. In total, this programme will have raised over £270 million, according to a Cadbury press statement.
