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Cloetta AB

Company type	Public
Traded as	Nasdaq Stockholm:  CLA B
Industry	Confectionery
Founded	1862; 162 years ago (1862) in Copenhagen, Denmark [1] [2] [3]
Founder	Bernard, Christopher and Nutin Cloëtta
Headquarters	Sundbyberg, Stockholm County , Sweden
Area served	Europe
Key people	Henri de Sauvage-Nolting (President and CEO), Mikael Norman ( Chairman)
Products	Confectionery, Nuts
Revenue	SEK 5.784 billion (2017) [4]
Operating income	SEK 527 million (2017) [4]
Net income	SEK -97 million (2017) [4]
Total assets	SEK 9.25 billion (2017) [4]
Total equity	SEK 3.82 billion (2017) [4]
Number of employees	2,600 (January 2022)
Website	www.cloetta.com

Cloetta is a Swedish confectionery and nuts company. The company manufactures and sells local confectionery brands on its main markets Sweden, Finland, Norway, Denmark, Netherlands, Germany and the UK. ^{[5] [2] [3]}

The company has 8 factories in five countries, and the head office is in Solna.

History

In 1862, Christoph Cloëtta (1836–1897) and his two brothers Nutin Cloëtta and Bernard Cloëtta founded Danish chocolate manufacturer Brødrene Cloëttas steam chocolate factory. In 1873, Nutin Cloëtta established a Swedish subsidiary in Malmö, Sweden and one subsidiary in 1896, in Oslo, Norway. ^{[6] [7]}

After several years of legal disputes between Cloetta Fazer's two major owners, the Svenfelt-Trotzig family company Malfors Promotor and the Finnish family-owned Karl Fazer, it was announced in June 2008 that Cloetta Fazer would be split up. Cloetta became an independent company again in late 2008 and was listed on the Stockholm Stock Exchange on 8 December 2008. In December 2011, it was announced that Cloetta and Leaf would merge into one company. ^[8]

Cloetta has seven factories in five countries. The two largest factories are in Levice, Slovakia, and Ljungsbro, Sweden. ^[9] The company is listed on the Stockholm stock exchange. In 2016, Cloetta finalized a deal to acquire pick & mix supplier Candyking, which operates in the United Kingdom and the Nordic countries. ^[10] In 2017, Cloetta bought the bulk candy company Candyking. ^[11]

Some of the brands owned by Cloetta are Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Sportlife and Red Band. ^[12]

References

External links

• Official website

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