Ferrero acquires Kelsen Group from Campbell Soup
Belgian holding company CTH Invest, a Ferrero affiliate, has announced a definitive agreement pursuant to which it will acquire Kelsen Group from Campbell Soup.
Belgian holding company CTH Invest, a Ferrero affiliate, has announced a definitive agreement pursuant to which it will acquire Kelsen Group from Campbell Soup. As part of the transaction, CTH will take over the two production facilities in Nørre Snede and Ribe, Denmark.
Based in Nørre Snede, Denmark, Kelsen is the maker of cookie brands Royal Dansk and Kjeldsens, two prestigious brands with a deep Danish heritage and a global presence. Kelsen has established distribution networks globally and its cookies are sold in more than 100 countries around the world. Kelsen generated sales of approximately $157 million in the latest 12 months.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in two months.