Sector News

Candyking gets new owner

December 1, 2016
Food & Drink

Candyking, a leading pick and mix candy supplier in the Nordic countries, UK, Ireland and Poland, will get a new owner. The company’s current CEO, Dani Evanoff, will through a new legal entity take over ownership of Candyking from its present owner, the investment fund Accent Equity 2008.

Dani Evanoff started the company Godisprinsen, acquired by Candyking in 2008. Dani was thereafter part of the group management team for several years. He then created his own concepts within the fast-moving consumer goods market and assumed the role of CEO for Candyking in the summer of 2016. Candyking was originally formed by the entrepreneur Christer Forsman in 1984 and will thus again be led by a true entrepreneur.

“It is with the greatest respect and due modesty that I now will take over the responsibility to building Candyking into a company of excellence together with my team. The company shall become a leading player within fast-moving consumer goods,” comments Dani Evanoff.

”Dani Evanoff has what it takes to take Candyking to the next level in a tough competitive market,” says Jan Ohlsson, chairman of Candyking’s board. “We wish Dani and his team all the best in their continued journey together.”

The current transaction is conditional on approval under Candyking’s bond loan, which is expected in the end of January 2017. Until then, discussions regarding the company’s long-term financing will continue with Candyking’s bondholders.

Source: CandyKing

comments closed

Related News

November 28, 2021

“Free from” trends take on myriad of meanings as health and environmental concerns come into sharper focus

Food & Drink

Free-from is becoming much more mainstream, moving beyond food allergens and intolerances. While it’s still vital to innovate products for lactose intolerance, gluten allergies and so forth, the umbrella term of free-from has taken on many different meanings.

November 28, 2021

Arla Foods Ingredients unveils milk fractionation tech for infant, sports and medical nutrition

Food & Drink

Arla Foods Ingredients (AFI) is targeting infant formula, sports nutrition and medical nutrition with its new patented milk fractionation technology that separates milk proteins from whey, bypassing the need to make cheese. The Denmark-based company says this move enables scientists, nutritionists and health professionals to create “next-generation” dairy products.

November 28, 2021

Oatly opens first Chinese production facility

Food & Drink

Located in Ma’anshan, Anhui province, the facility has the potential to produce an estimated 150 million litres of oat-based products annually at full capacity. The opening comes just a few months after Oatly – which claims to have established a new Chinese character for ‘plant-based milk’ – inaugurated its first Asian factory in Singapore.

Send this to a friend